PracticeAccounting FirmsPwC to axe 200 tax staff

PwC to axe 200 tax staff

PricewaterhouseCoopers is to axe up to 200 staff in its UK tax practice following a similar move by KPMG this month.

The cuts will be across the board affecting 6% of staff working in the tax department and will not include partners. However several tax partners are due to retire at the end of June.

A spokeswoman for PwC, said: ‘The cuts are due to the tough economic environment which it hitting our clients and having an impact on our market.

The firm is keen to position the tax practice before its new tax year begins in July.’

Staff have been told about the redundancies though the final decision on exactly who will lose their jobs has yet to be taken. Most of the cuts will be made by mid-March.

Rival firm KPMG announced on 4 February that at least 150 jobs would have to go in its tax practice as it reacts to changing client demands.

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

3d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

5d Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

2w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman