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What does a Tax Manager earn?
Tax Managers in the UK earn, on average, around £66,900 in a year. They have the responsibility of informing clients, whether individuals or corporate organisations, about the UK's taxation laws. In addition, they play a key role in the timely filing of tax returns and organising payment of taxes. Tax Managers often choose to specialise in particular areas such as corporate taxation, international tax, and tax advisory work.
How to earn more as a Tax Manager
To become a Tax Manager, you need a degree in accounting, taxation or law. You could also achieve this role through professional qualifications or experience. To earn higher as a Tax Manager, you would need to specialise in a certain area, such as corporation tax and international taxation, or move up the ladder as a senior manager. Alternatively, you could set up your own tax consultancy firm or become a self-employed tax adviser. Tax Managers can earn an average of £120,000 per year.
Min: £25,000.00 Max: £120,000.00
Average Tax Manager Salary in UK : £66,931.92
Read about Tax Manager salaries, related jobs and salary information across the UK
Tax Manager Salary data from the ONS
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Recommended Tax Manager Jobs in UK
Average Salary for Tax Manager compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Trainee Accountant Salary in UK | £22,239.28 |
| Accountant and Auditor Salary in UK | £27,557.46 |
| General Ledger Accountant Salary in UK | £31,358.89 |
| Tax Preparer Salary in UK | £33,575.05 |
| Payroll Accountant Salary in UK | £35,300.14 |
| Certified Accountant Salary in UK | £36,278.85 |
| Property Accountant Salary in UK | £36,883.38 |
| Chartered Accountant Salary in UK | £36,896.84 |
| Fixed Asset Accountant Salary in UK | £36,947.92 |
| Accountant Salary in UK | £37,953.78 |
| Tax Accountant Salary in UK | £39,214.28 |
| Management Accountant Salary in UK | £41,365.58 |
| Forensic Accountant Salary in UK | £44,387.32 |
| Investment Accountant Salary in UK | £45,669.41 |
| Financial Accountant Salary in UK | £45,704.38 |
Salary by Region
Compare Tax Manager salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £56,127.08 |
| Northern Ireland | £38,521.54 |
| East Midlands | £94,805.56 |
| Eastern | £60,823.53 |
| London | £70,585.09 |
| North West | £61,763.16 |
| South East | £60,187.81 |
| South West | £46,171.43 |
| West Midlands | £61,625.00 |
| Yorkshire and the Humber | £24,212.50 |
Annual Job Ads by Region
Understanding the Average Tax Manager Salary in the UK
As a Tax Manager in the UK, it is important to have a clear understanding of the average salary in this field. According to average Accounting salaries, the average salary for a Tax Manager in the UK is £66,900 per year. This figure can vary depending on factors such as location, experience, and the size of the company you work for.
Salary Expectations for Newly Qualified Tax Manager
If you are a newly qualified Tax Manager, you may be wondering what salary you can expect. To get an idea of the current market rates, it is recommended to explore job search platforms that specialize in tax-related roles. These platforms can provide you with valuable insights into the salary range for newly qualified Tax Managers in the UK.
Salaries for Experienced Tax Manager
For experienced Tax Managers in the UK, the salary range tends to be higher than that of newly qualified professionals. With several years of experience under your belt, you can expect to earn a salary between £25,000 and £120,000 per year. However, it is important to note that these figures can vary depending on factors such as location, industry, and the size of the company you work for.
Creating a Tax Manager CV
When applying for a Tax Manager position, having a well-crafted CV is crucial. To ensure your CV stands out from the competition, you can utilize a CV template specifically designed for tax specialists. This template will help you highlight your relevant skills, qualifications, and experience in a professional and organized manner.
Career Development Opportunities for Tax Manager
As a Tax Manager, there are various career development opportunities available to you. Whether you aspire to become a Tax Director, specialize in a specific area of taxation, or explore opportunities in different industries, it is important to stay updated with the latest career advice. This will help you navigate your career path and make informed decisions to achieve your professional goals.
Comprehensive Compensation for Tax Manager
Aside from the base salary, Tax Managers in the UK may also receive comprehensive compensation packages. These packages can include benefits such as bonuses, pension schemes, healthcare coverage, and other perks. It is important to consider the overall compensation package when evaluating job offers and negotiating your salary.
Strategies for Increasing Your Salary as a Tax Manager
If you are looking to increase your salary as a Tax Manager, there are several strategies you can employ. These include continuously updating your skills and knowledge, pursuing relevant certifications, taking on additional responsibilities, and demonstrating your value to the organization. By consistently delivering high-quality work and showcasing your expertise, you can position yourself for salary advancements and promotions.
Professional Development and Earnings
Investing in your professional development as a Tax Manager can have a direct impact on your earnings. By attending industry conferences, participating in training programs, and staying updated with the latest tax regulations and trends, you can enhance your expertise and increase your value in the job market. This, in turn, can lead to higher earning potential and more lucrative career opportunities.
Capitalizing on Extra Hours and Duties
As a Tax Manager, you may occasionally be required to work extra hours or take on additional duties during peak tax seasons. While this can be demanding, it can also present opportunities for increased earnings. Some companies offer overtime pay or bonuses for working beyond regular hours. By effectively managing your workload and demonstrating your dedication, you can capitalize on these opportunities to boost your salary.
