The latest research from the Robert Walters Job Index has revealed that the volume of tax vacancies have risen across the UK, with the number of jobs available in the third quarter of 2017 up 14% compared to the same time last year.
Impending changes in tax legislation are driving demand for tax professionals, as employers prepare for the transition by building robust internal teams.
Tax professionals therefore are enjoying a high demand for their skills, with specialists in transfer pricing and VAT being sought to help employers deal with upcoming changes to tax legislation.
“For many employers, particularly following the Panama Papers incident earlier this year, having a transparent tax strategy has become a priority, creating demand for tax reporting specialists as well,” commented Daniel Connors, Director at Robert Walters.
“For many employers, particularly following the Panama Papers incident earlier this year, having a transparent tax strategy has become a priority."
Skill shortages drive competition for talent
The demand for tax specialists with niche skill sets continues to outstrip supply, forcing employers to compete to secure top talent. As a result of this, specialists that operate in corporate tax are highly sought after compared to the limited pool of professionals that have this particular skill set.
“While salaries are largely stable, employers are able to gain an edge in the competition for talent by promoting the potential for career progression a role can offer, as well as the engaging nature of the work available and the opportunity to be involved in project work,” concluded Daniel Connors.
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