ONS Calculates Drugs and Prostitution Contributions

New data from the ONS shows that prostitution and drug dealing contribute roughly the same amount to the economy as farming, and only slightly less than book and newspaper publishers added together.

The illegal activities combined boosted the economy by £9.7bn (0.7% of GDP) in 2009, according to the ONS’s first official estimate, whilst in every year between 1997 and 2009 prostitution and illegal drugs boosted the economy by between £7bn and £11bn.

Source: The Guardian The Independent Daily Mirror Daily Express

We Say: Actually, prostitution isn’t illegal. For this and other fascinating information about tax and the sex industry we recommend www.taxrelief4escorts.co.uk/ , a site which we came across the other day in the course of our researches. No, don’t ask. 

For more information, please contact London Accountants Berg Kaprow Lewis.

NICOLA HALL

BILSHAN MENSAH

Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.

ELANA DIMMER

Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.

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