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Research & Development (R&D) - Tax Advisory

BANK OF ENGLAND

This public procurement record has 1 release in its history.

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17 Sep 2026 at 12:07

UK7 - Contract Details Notice
Summary of the contracting process

The Bank of England procured specialist research and development tax advisory services to support its organisation. The requirement covers tax consultancy, including advice connected with research and development activity, alongside financial auditing services. The work is classified under CPV codes 79221000 for tax consultancy and 79212100 for financial auditing. It is a professional services requirement delivered in the United Kingdom, for a central government public authority based in London. Businesses with tax advisory practices able to support complex R&D-related matters for a public institution would find the subject matter relevant. The procurement was arranged as one lot, covering the complete requirement rather than separate geographical or service-based packages.

The procurement has been completed and awarded following a below-threshold limited competition. PricewaterhouseCoopers LLP was selected for the single lot, with the award active. The contract was signed and began on 3 August 2026, running to 2 August 2028, with an option to extend for one further year to a maximum end date of 2 August 2029. Its value is £89,235.83 excluding VAT, or £107,083 including VAT. The award date is 3 August 2026. The published information identifies the Bank of England as buyer and the procurement as a services contract. The outcome demonstrates that the requirement was evaluated through a limited competitive route rather than an open procedure.

This award shows demand from the Bank of England for specialist R&D tax advisory capability combined with financial audit-related expertise. A credible future competitor would need experienced tax professionals who can interpret R&D activity, identify and support applicable tax treatment, and provide advice suitable for a highly regulated central government institution. Firms should be able to work across the United Kingdom and demonstrate robust technical quality, professional judgement, confidentiality and clear written reporting. The successful supplier is a large professional services firm, indicating that the requirement can suit organisations with established specialist teams, sufficient capacity and mature governance arrangements. Businesses with complementary audit and tax capabilities may be particularly well placed when this type of requirement returns to market.

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Notice Information

Notice Title

Research & Development (R&D) - Tax Advisory

Notice Description

Provision of specialist tax advisory services to support the Bank.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-077441
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/088148-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212100 - Financial auditing services

79221000 - Tax consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£89,235 Under £100K

Notice Dates

Publication Date
17 Sep 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
3 Aug 2026 - 2 Aug 2028 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PricewaterhouseCoopers LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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