The dangers of relying on AI to meet tax obligations

Relying on artificial intelligence to do something that it hasn’t been designed for can have significant consequences, warns Rob Chedzoy, tax partner at Milsted Langdon

Artificial intelligence (AI) has been making waves across a range of sectors since its inception, with the range of potential applications not lost on adopters.

In the UK, the legal, IT and finance sectors are leading the charge when it comes to using or planning to use AI.

While this may sound self-sabotaging, it’s far from it. Within each sector, professionals understand where AI can be used as a tool rather than a replacement for their own skills. We also understand, through training and experimentation, what it cannot do.

Relying on AI to do something that it hasn’t been designed for, something for which there is no substitute for lateral thinking and knowledge, can have significant consequences.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe