The UK tax industry is on the cusp of a revolution, as generative AI is poised to transform the way tax professionals work. A new report by Tolley reveals that 66% of UK tax professionals are either already using or will soon use AI for work purposes, citing efficiency benefits and the potential to add value to complex tasks. The survey highlights that researching matters, drafting documents, and preparing communications are top priorities for AI adoption. However, concerns over ethics and trustworthiness of public-access AI platforms remain, with 79% of respondents expressing some level of concern. Tolley’s development of Tolley+ AI, a fine-tuned solution grounded in authoritative tax research and guidance content, could alleviate these concerns. This cutting-edge technology will enable tax professionals to chat with AI, receive answers and drafts, and intelligently summarize key insights from cases or documents. With Tolley+ AI, the tax industry is set to experience a seismic shift in how professionals work and what they can achieve.
Revolutionizing Tax Practice – UK Professionals Embrace Generative AI
Tax professionals will be able to chat with Tolley+ AI as they would a trusted colleague, asking questions and getting answers or first drafts of documents, clauses and communications.
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