PracticeAuditTop 50+50: Firms post significant growth in new tax and audit rankings

Top 50+50: Firms post significant growth in new tax and audit rankings

In both tables, PwC leads the way with total UK tax fee income of £822m and audit and accounting fee income of £1.24bn

The top 15 tax firms and top 15 audit firms have been released today, based on data submitted by firms for the Top 50+50 Accountancy Firms 2017.

In both tables, PwC leads the way with total UK tax fee income of £822m and audit and accounting fee income of £1.24bn.

The remaining Big Four firms replicate the same positions occupied in the Top 50+50 table with Deloitte in second, and EY and KPMG in third and fourth respectively.

Deloitte recorded audit and accounting fee income of £824m and tax fee income of £654m. EY took £581m from tax services and £619m from audit and accounting, and KPMG registered £498m in audit and accounting and £479m in the tax table.

Elsewhere in the tables, BDO occupied fifth position in both tax and audit ahead of Grant Thornton. The firm, which placed sixth in the main Top 50+50 rankings, had a total tax fee income of £126.8m, with Grant Thornton slightly behind on £104.4m. In audit, BDO edged ahead of RSM by £10.4m with total audit and accounting income of £170.4m. Grant Thornton took seventh with £148.4m.

Saffery Champness has ranked at number 13 in tax, but slipped out of the top 15 in audit and accounting. UHY Hacker Young entered the audit table with fee income of £30.13m, ahead of MHA MacIntyre Hudson and Smith & Williamson.

PKF UKI posted strong growth of 24% in tax services this year, holding ninth position in the table. The firm also holds ninth in the audit table with growth of 16% and fee income of £71.26m.

Other firms showing strong growth this year are Moore Stephens, with a 27.9% increase in tax fee income compared to 2016, and Haines Watts and MacIntyre Hudson with 18.6% and 20.8% tax growth respectively.

The only firm to post negative growth across the two tables was KPMG, with a decline of 3% in audit compared to 2016 figures.

View the full 2017 results in tax and audit here.

Find out where the firms ranked in the Top 50+50 Accountancy Firms 2017, and read our analysis on both the Top 50+50 rankings and how firms are approaching diversity in 2017.

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