Although London still leads in the salary league, the survey puts London wages only £4,750 ahead of the average national wage for members of the Association of Taxation Technicians and associates of the Chartered Institute of Taxation, which was £64,667.
According to research in the survey, conducted by TMP Worldwide, Londoners require an additional £3,340 to cover the high costs of the city. When viewed against rising housing prices, specialists living in London enjoy only a marginally better standard of living compared to workers in the rest of the country.
Tax professionals may soon be drawn to the cheaper costs of the West Midlands, which is closing in on the two top paying regions with salaries of £66,500, compared to £69,417 in London and £67,500 in the South East.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC