The UK's tax specialist workforce consists of almost 50,000 people working in more than 7,000 businesses. The industry generates roughly £4 billion annually, tends to be a fairly high paying sector, and is estimated to be expanding at a rate of about 16% per annum. It is also a field typically requiring professionals with advanced qualifications and educational backgrounds. Ideal candidates for careers in the industry are proficient in maths, economics, tax law, and analytic thinking.
Recruitment agencies can often find placement for those seeking roles in benefits compensation, capital taxes, and corporate taxes. Other common specialisms include VAT advising, expat tax, and personal tax; and it is typical for professionals in the field to concentrate on one particular area of the sector. Degrees in accountancy, business, economics, and law are sometimes required, and always beneficial for improving employment prospects. In many roles, a CTA is needed.
Salaries range from about £16K for entry-level positions up to more than £65K for experienced consultants. The average industry income is about £30K, but London and the Home Countries tend to pay higher than other regions in the UK. The largest employers are Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers.