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HM Revenue & Customs' (HMRC) sophisticated "big data" system, known as Connect, has been credited with generating an additional £4.6 billion in tax revenue during the 2024-25 financial year. This figure, revealed in a freedom of information request made by Pinsent Masons, represents a 35%

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HM Revenue & Customs (HMRC) has been accused of a "cover-up" regarding its staff's unauthorised use of artificial intelligence to reject research and development (R&D) tax credit claims. The controversy follows a legal defeat in August, where a tax tribunal ordered HMRC to disclose whether i

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Katharine Wooller explores the adoption of artificial intelligence in the financial services industry, weighing the technology's transformative potential for efficiency, customer service, and inclusivity against the significant challenges of regulation, data governance, and ethical risks. AI is much

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A new programme helping Scottish companies seize the benefits of artificial intelligence (AI) has been launched. Supported by nearly £1 million of Scottish Government funding, it will offer small and medium-sized businesses (SMEs) a range of support – including tailored consultancy servi

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KPMG Australia has developed a sophisticated AI agent that prepares complex tax advice in a single day – a task that previously took human teams two weeks. The 'agentic' AI system was built using a colossal 100-page prompt, marking a significant leap in the firm's adoption of artificial intell

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A judge has criticised a taxpayer for using an artificial intelligence chatbot to argue his case in court after it "hallucinated" non-existent legal precedents. Marc Gunnarsson used AI to help prepare his legal submissions when appealing a decision by HM Revenue and Customs (HMRC). The tax authority

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Hywel Ball, the former UK head of EY, has warned that the Big Four professional services firms face significant challenges in adopting artificial intelligence due to their sheer size. Announcing his new board roles at two AI-focused boutiques, Mr Ball argued that smaller, more nimble start-ups have

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Professional services advisory firm Hutcheon Mearns has launched a new artificial intelligence (AI) consultancy service and product offering, following the integration of specialist firm Rock River Research. The move, which coincides with the firm's 10th year of operation, signals another step chang

1-15 of 66 Articles
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