Hiring for tax accountants across firms in England and Wales (E&W) has reached record levels, with some large firms already posting year-on-year rises in recruitment just five months into 2021.
According to new labour market data from Morgan McKinley and Vacancysoft, there were 293 professional vacancies for tax accountants in May 2021, which is 11.5% more than the previous monthly record in January 2019.
The 706 total senior vacancies published by firms in Q1 2021 also represents a two-year quarterly high and a 6.5% rise compared to Q1 2020. This follows a year where total tax accountant vacancies in 2020 fell by 39.4% year-on-year.
Kathryn Swan of Morgan McKinley, said: ‘The tax recruitment market is recovering as the UK emerges from the pandemic and organisations review hiring plans and make critical appointments. This recovery comes from accountancy firms with many larger firms hiring in key areas such as VAT, international tax and transfer pricing.
‘The tax ramifications around Brexit, VAT and furlough impacted the labour market and meant that as 2020 ended, the number of vacancies gradually increased,’ she added. ‘Demand for experienced tax talent now is fierce and although salaries have been static over the last few months, they will likely rise over the coming year.’
Just over half (50.3%) of all E&W vacancies are for general tax specialists. However, vacancies for transfer pricing experts rose by 45.8% year on year across large firms in 2020.
Hiring for tax accountants across firms in England and Wales (E&W) has reached record levels, with some large firms already posting year-on-year rises in recruitment just five months into 2021.
According to new labour market data from Morgan McKinley and Vacancysoft, there were 293 professional vacancies for tax accountants in May 2021, which is 11.5% more than the previous monthly record in January 2019.
The 706 total senior vacancies published by firms in Q1 2021 also represents a two-year quarterly high and a 6.5% rise compared to Q1 2020. This follows a year where total tax accountant vacancies in 2020 fell by 39.4% year-on-year.
Kathryn Swan of Morgan McKinley, said: ‘The tax recruitment market is recovering as the UK emerges from the pandemic and organisations review hiring plans and make critical appointments. This recovery comes from accountancy firms with many larger firms hiring in key areas such as VAT, international tax and transfer pricing.
‘The tax ramifications around Brexit, VAT and furlough impacted the labour market and meant that as 2020 ended, the number of vacancies gradually increased,’ she added. ‘Demand for experienced tax talent now is fierce and although salaries have been static over the last few months, they will likely rise over the coming year.’
Just over half (50.3%) of all E&W vacancies are for general tax specialists. However, vacancies for transfer pricing experts rose by 45.8% year on year across large firms in 2020.
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