KPMG UK‘s tax, pensions and legal services practice announces 11 Partner and 28 Director promotions for 2016.
Commenting on the promotions, Michelle Quest, head of tax, pensions and legal services at KPMG in the UK, said: “I am really proud to see so many colleagues be rewarded for what was a great year for our tax practice. Partner promotions have almost doubled compared to 2015 and are across a far wider spread of specialist tax areas than we’ve seen previously. This reflects increasing demand from clients for counsel on a myriad of complex tax issues from transfer pricing and Country-by-Country reporting to indirect taxes and supply chain analyses.
“Looking ahead, we are seeing rapidly increasing demand for tax advice as companies grapple with what Brexit means for them. The responsibility of getting your tax strategy right has never been so high up on the corporate agenda and, in the wake of the referendum result, this task is likely to become all the more complex. Tax teams have the gargantuan task of trying to navigate through years of uncertainty so these promotions reflect where we expect to see growth as more clients seek greater support and deep specialist knowledge from advisors. We have already seen an increase in demand for guidance on employment tax, VAT, tariffs, trading and compliance over the last few months, trends we see continuing into 2017 and beyond.”
A large number of this year’s promotions were in KPMG’s National Markets (NM) tax practice, with 75% of the partners and directors promoted from this part of the tax business.
Mike Linter, head of national markets tax at KPMG in the UK, added: “I am delighted to see such a high proportion of promotions within our NM tax practice which has seen increasing demand for advice on things such as capital allowances, R&D, and dividend changes rates over the year. Our people in NM really do strive to be the clear choice for those middle market FTSE 250 and privately-owned businesses all around the UK, who want clear pragmatic tax advice from their advisors.
“In the coming years, the UK’s decision to leave the EU will impact companies of all sizes in a myriad of different ways but smaller, mid-sized businesses have fewer resources to draw on and are therefore perhaps less equipped to effectively scenario plan for what might lie ahead. Privately owned companies are the backbone of the UK economy which is why we are investing in our people within NM tax in order to better enable us to support these businesses.”
Notes to editors: These promotions are included in the total promotion figures for 2016 as announced on 10 October: KPMG in the UK has announced the promotion of 40 partners and 108 directors
For further information please contact:
Jess Liebmann, KPMG Corporate Communications
Tel: 0207 311 3245
KPMG Press office
Tel: +44 (0) 207 694 8773
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.