We analysed our tax vacancy data across commerce & industry, financial services and professional
services with a focus on comparing the last 3 months of recruitment activity against the previous 3
months in order to gain insight into the current market and to predict likely trends that we anticipate
for the rest of 2023.
We’re pleased to report a 19% quarter-on-quarter increase in tax recruitment activity across the
market as we head into what we anticipate will be a busy 2nd half of 2023.
The sharpest increase was across the accountancy sector with a significant 41% quarter-on-quarter
increase in recruitment activity as firms look to grow in target areas and manage their attrition rates
following mid-year leavers. The firms showing the steepest quarter-on-quarter increase in recruitment
activity were:
1) Crowe
2) EY
3) Deloitte
Outside of practice, the industries showing the sharpest quarter-on-quarter increase in tax
recruitment activity were:
1) Financial Services
2) Technology, Media & Telecommunications
3) Consumer Goods & Services
Outside of London, which saw an 11% increase in activity, the locations showing the sharpest increases
in quarter-on-quarter recruitment activity were:
1) Reading
2) Birmingham
3) Manchester
The skills showing the highest quarter-on-quarter demand were:
1) Corporate Tax
2) VAT
3) Transfer Pricing
In conclusion, whilst the start of 2023 came with an overall slowdown in tax recruitment activity
compared to the frenzied high-volume recruitment of 2021 and 2022, the current market is clearly
curving back upwards with a strong 19% quarter-on-quarter increase in tax recruitment activity and
communication from a number of our clients that they expect a busy end to 2023.
If you would like to discuss our findings in more detail, please feel free to contact:
Author: Graham Young – Director
Tel: 020 3826 8832
Email: graham.young@capitaltaxrecruitment.com