Industry Analysis & Industry Trends
Firms in the Tax Consultants industry prepare personal and business income tax returns and offer tax advisory services and non-legal representation before tax authorities. The industry is expected to record steady revenue growth during the five years through 2016-17, expanding at an estimated compound annual rate of 2.2% to reach £3.9 billion. Generally favourable economic conditions have supported an increase in the number of businesses in the United Kingdom, as well as an overall rise in business capital expenditure, bolstering revenue.
In 2016-17, revenue is forecast to decline by 0.2% as the economic uncertainty arising due to the UK electorate's decision to leave the European Union is expected to negatively affect business confidence... purchase to read more
Industry Report - Industry Locations Chapter
Business activity in the Tax Consultants industry is closely correlated to the pattern of economic activity across the United Kingdom. In addition, the importance of private consumers as the largest market for the industry contributes to a population-based spread of tax industry services.
London, as the commercial hub of the United Kingdom, has the highest proportion of business locations at 24.9%. It also has the second-highest share of the population by region, the highest levels of disposable income and a large proportion of high-income individuals. London is home to a large number of company head offices, which conduct the tax affairs for the whole business rather than separate regional offices... purchase to read more