The tax jobs market is entering a period of ‘normalisation’ following a sharp expansion in 2025.

Where vacancies rose by around 19% in 2025, they are now projected to decline by 10% this year, signalling a ‘rebalancing rather than a downturn’, according to the latest Morgan McKinley and Vacancysoft Tax report.

The report also detailed changes in the director/partner pipeline, stating: ‘Senior hiring is increasing as firms invest in future leadership and revenue generation (particularly the latter).

‘This is largely across the board as established firms look to bolster their ranks and challenger firms look to disrupt the market. On balance, the market is candidate-driven in specialist areas, particularly employment tax, transfer pricing and VAT’.

M