Tax Preparation Software Developers in the UK - Industry Market Research Report

Strong returns: Making Tax Digital pushes businesses and consumers alike to use the tax preparation software

The Tax Preparation Software Developers industry's revenue is supported by the fact that tax returns are required to be submitted every year, making revenue less susceptible to any economic downturns. Industry revenue is expected to grow at a compound annual rate of 5.3% over the five years through 2022-23 to reach £174.4 million. Industry operators provide online software platforms that allow individuals and businesses to file tax returns. Services are provided to small and large businesses. This industry excludes tax preparation software used by professional accountants. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.