HMRC generative Artificial Intelligence chatbot Beta with help on VAT and other tax questions The UK tax authorities, HMRC, are advancing its generative AI chatbot, GOV.UK Chat, to support users in accessing information on business rules and support, including taxation. Initially tested by 1,000 users,
Call from Parliament tax committee chair for Articifical Intelligence levy The Chair of the EU Parliament’s Subcommittee on Tax matters this week called for proposals to tax Artificial Intelligence (AI). Pasquale Tridico, MEP, said: “IA is a source of income (…), that’s why it needs
Turkey joins the movement to deploy AI machine learning to take on VAT and tax fraud Turkey is set to leverage artificial intelligence (AI) in its efforts to combat tax evasion, following in the footsteps of countries like Greece and the Austria. The Treasury and
Machine learning to spot likely VAT evasion across multiple data sources Tax authorities adopting AI has been underway for several years. But what about the UK? For over a decade, HMRC has used advanced analytics through its Connect system to identify potential cases of wider
AADE authority set-up AI-backed unit to take on VAT missing trader fraud and other tax evasion The Greek tax authority, Independent Public Revenue Authority (AADE), has established a new centre powered by AI tools to identify VAT carousel similar tax evasion. This is similar to
Predictive analysis and machine learning tackles €185 million VAT and other tax frauds The Austrian Federal Ministry of Finance’s specialised Artificial Intelligence tax fraud department, Predictive Analytics Competence Center (PACC), has been enjoying success in identifying various tax frauds. PACC’s work includes analysing VAT missing-trader
Artificial Intelligence automating optimising tax code mapping in tax engines and ERP’s Tax codes, short digit and numeric codes, provide the information tax engines, ERP’s or accounting systems need to correctly identify the right VAT, GST or sales tax rates and reporting for any transaction.
Global switch to indirect tax set for boost from Artificial Intelligence propensity to thrive on big, defined data models The 30 year+ trend of adopting VAT, GST and other indirect taxes over direct taxes (corporate income tax; payroll taxes etc) has long been justified by
In what ways can generative and machine learning AI help VAT & GST professionals? Since the November 2023 launch of v3.5 ChatGPT, the global indirect tax world has been speculating on how generative Artificial Intelligence (AI) will help or hinder it. But much of the
