How generative AI
is transforming tax practice
Tax professionals have jumped at the generative AI opportunity,
but the need for trustworthy platforms is growing.
Tax practitioners across the UK are recognising the significant time and cost savings offered by generative AI. A May 2024 survey by Tolley found that two-thirds of UK tax practitioners are regularly using or planning to use generative AI soon.
While excitement levels are high, many tax professionals have valid concerns over the trustworthiness of public-access and free-to-use generative AI tools. To get the most from this technology, they need tools grounded in trustworthy tax sources.
Our survey of 400+ UK tax practitioners found:
- 10% use generative AI every day
- Top AI priorities are researching tax matters (91%) and drafting tax documents (87%)
- Almost two-thirds (71%) would be somewhat or completely confident using AI-powered tools grounded on tax research and guidance content.
Download our report to read the research, delve into the most pressing topics, and gain insights from some the tax market’s most notable voices.
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