Tax professionals in demand in 2016

tax professionals at work

Mid level tax salaries are set to rise in 2016, and demand is set to remain strong for tax professionals at all levels, according to the results of the Robert Walters 2016 Salary Survey.

Positive economic factors and growing pressure from regulators will continue to drive demand for tax professionals in 2016.

The need for newly-qualified tax professionals will also remain high. and compliance and reporting tax professionals at all levels of seniority will be in demand.

“Overall, we expect a year of steady growth in 2016, with new regulations driving a focus on compliance and risk tax specialists,” said Rob McKay, Manager of Tax Recruitment at Robert Walters.

Overall, we expect a year of steady growth in 2016, with new regulations driving a focus on compliance and risk tax specialists

Regulatory impact

The implementation of FACTA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) regulations has ensured that professionals with experience in this area remain in demand, pushing up salaries for these specialists.

In 2016, salaries are anticipated to rise to around £90k at the best-paying firms for mid-level roles.

 “We anticipate salaries are also likely to remain high and largely consistent.”

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