2017 Tax Salary Guide

2017 Tax Salary Guide

Aideen Murphy 01.01.2017

Tax recruitment continues to be a highly candidate-driven market.

There has been a further increase in demand for tax skills across practice and industry in 2016, all areas of tax from global mobility, employment tax, VAT, corporate tax and personal tax remain sought after. 

General Practice Salary Guide

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Tax Director 80k - 100k70k - 85k70k - 85k70k - 85k
Tax Manager (Assistant Manager/
Senior Manager)
0 - 345k - 55k40k - 45k40k - 45k40k - 45k
3 - 555k - 65k45k - 55k45k - 55k45k - 55k
5+65k - 80k55k - 65k55k - 65k55k - 65k
Tax Senior5+35k - 50k30k - 40k30k - 40k30k - 40k
Graduate/ Tax Trainee0 - 322k - 30k16.5k - 20k16.5k - 24k16.5k - 24k

Big Four Salary Guide

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Tax Director 100k - 120k+85k - 120k85k - 120k85k - 120k
Tax Manager (Assistant Manager/
Senior Manager)
0 - 350k - 65k50k - 55k50k - 55k50k - 55k
3 - 565k - 85k55k - 65k55k - 65k55k - 65k
5+85k - 95k65k - 80k65k - 80k65k - 80k
Tax Senior3 - 542k - 55k35k - 45k35k - 45k35k - 45k
Tax Trainee0 - 323k - 40k20 - 30k20 - 30k20 - 30k
 

Industry - PLC/Multinationals/Large Indigenous Business Salary Guide

RoleYears' ExperienceDublin
Cork
Limerick
Waterford
Head of Tax/Tax Director0 - 380k - 90k75k - 90k70k - 80k70k - 80k
3 - 590k - 120k90k - 110k80k - 90k80k - 90k
5+120k - 200k+110k - 150k90k - 130k90k - 130k
Tax Manager5+75k - 95k65k - 75k55k - 65k55k - 65k
Tax Manager/Senior Tax Accountant3 - 565k - 75k55k - 65k50k - 60k50k - 60k
Tax Accountant/Newly Qual0 - 350k - 65k45k - 55k40k - 50k40k - 50k
Indirect Tax/VAT Manager3+65k - 85k65k - 80k60k - 75k60k - 75k
VAT Accountant1 - 345k - 65k35k - 50k30k - 45k30k - 45k
VAT Analyst (Newly Qual/Part Qual)0 - 330k - 40k25k - 40k25k - 35k25k - 35k
Transfer Pricing Manager3+70k - 100k60k - 90k50k - 70k50k - 70k

Commentary on Tax Roles and Remuneration in Ireland for 2017

The surge in the tax recruitment market stems from growing pressures on in-house tax functions as a result of changes in domestic and international tax policy; changes such as Common Consolidated Corporate Tax Base (CCCTB) and Country by Country Reporting (CbCR) require expert input whether from in-house tax teams or from third party advisors.

The heightened board-room focus on tax has resulted in additional in-house tax roles being created and also a spike in requests for advice from tax departments of accounting firms. The most in-demand positions in-house range from head of tax to tax manager and tax accountant, ideally with strong international corporate tax experience. Transfer pricing specialists and managers are in short supply and we have seen an increase in these roles over the last year, companies struggle to find candidates with sufficient in-house experience for these roles. Excellent opportunities exist for recently qualified tax consultants (corporate tax and VAT) who are keen to move into industry, we have noticed a trend among tax seniors to stay in practice until they have obtained 1-2 years PQE. This means that those who are confident that they want to develop their careers in industry are in a strong position.

For accounting and law firms (from Big 4/Top 5 to smaller boutique tax firms) the talent shortage continues, in particular at manager level and above. The growth of tax teams and the struggle to retain experienced professionals means great opportunities exist for tax professionals who wish to progress with a firm. In practice, skills in global mobility/employment tax and again corporate tax and transfer pricing are most in demand. Practices are working to retain talent by improving work-life balance, increasing bonuses and offering clear paths for progression. Practices are now planning for the future by hiring higher volumes of graduates into tax training contracts.

Given the value being placed on tax experience and skills we have not seen the salary increases which we would have expected in 2016. In-house roles have been flexible around salary levels however increases in practice have been minimal at senior levels. We would expect that companies will need to increase salary levels by 5-10% in 2017 in order to retain existing staff and to attract new talent.

At a time when tax is attracting increased levels of public attention, in particular in Ireland, the future is bright for Irish qualified tax consultants. The AITI Chartered Tax Advisor (CTA) qualification or the Chartered Accountants’ Chartered Tax Consultant (CTC) qualification are the most appealing qualifications for employers and, while not essential, combining these with a recognised accounting (ACA or ACCA) or legal qualification (solicitor or barrister) can be advantageous. Organisations will have to work hard to retain tax talent in 2017 as tax teams grow in both practice and industry.  

Aideen Murphy's picture
Business Lead | Tax & Practice, Dublin
amurphy@morganmckinley.ie