Forecast: Turnover in Accounting, Bookkeeping and Auditing Activities; Tax Consultancy Sector in the UK

The turnover in the UK accounting, bookkeeping, and auditing sector, including tax consultancy, is projected to steadily increase from £35.2 billion in 2024 to £38.56 billion by 2028. This reflects a consistent annual growth rate. To provide context, the sector's turnover in 2023 was slightly less than £35.2 billion.

Projected trends show:

• Gradual year-on-year growth, signifying sector stability and expansion.
• A compound annual growth rate (CAGR) over five years that indicates robust sector health.

Future trends to watch include emerging technological advancements like AI and automation impacting service delivery, potentially transforming the industry landscape and offering new opportunities for efficiency and innovation.