What does artificial intelligence and machine learning mean for tax?

Artificial intelligence and machine learning is set to radically transform all aspects of accountancy but how will tax be affected, asks Andrew Burman, principal at Ryan   

Artificial intelligence (AI) and machine learning are two technologies that are rapidly transforming almost every industry, and tax is no exception.

With evolving global regulations, the tax landscape is increasingly complex, with more information being requested, in more detail, more often.

The sheer volume of tax data must be understood, and the varied types of data involved means tax stands to benefit vastly from the significant advancements in this technology.

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