Artificial Intelligence for Tax Practitioners

This course looks at how to plan and utilise the opportunities AI offers, the potential threat it poses and its limitations.

 Participants will learn more about:

• The differences between machine learning and generative AI
• The importance of databases
• What AI can and cannot do?
• Overhauling processes and procedures – the opportunities
• The use and abuse of AI in tax cases
• Ethical and safeguarding issues

Used properly, AI can transform the workings of a tax practitioner. Used badly, AI can lead to distress and disaster. The webinar will guide you through best practice in this evolving area.

Case Study

The course will also look at a case study which will highlight the challenges of AI and its proper usage in a professional context.

The course trainer is a Director of a consultancy company specialising in taxation, share scheme advice, reward and lecturing. He has developed a specialised share scheme service for small companies and advises FTSE companies on communication. The lecturing covers most aspects of Direct Taxation but his particular interests include employment taxation and transfer pricing, which poses unusual conceptual challenges.

Previous to this he worked for Henderson for nearly 9 years, leading the Share Schemes team for part of this time.

The trainer took the level 7 CIPD Masters qualification whilst at Henderson. Before Henderson, he was with Australia Mutual Provident (AMP) and helped set up one of the first Share Incentive Plans (SIP) for large companies in 2001. It was so unusual at the time that the Revenue phoned Jeremy up to find out how they could encourage more large companies to adopt SIP.

He started his career in taxation and for the following 16 years worked in three of the “Big Four” accountancy firms. He ended up as a Senior Manager with Deloitte & Touche, having worked on issues such as profit-related pay, share schemes, expatriate tax, tax investigations, reward management, US taxation, transfer pricing and corporate tax.

The seminar will explore the deployment of Artificial Intelligence in the tax world and the likely impact on tax advisers. Participants should understand the potential uses of AI and its pitfalls.

 AI is increasingly being used by both advisers and revenue authorities. Tax authorities around the world have started to use AI tools to assist with gathering, collating and using information. This is likely to be seen in an increased pace of investigations. They are also using AI to answer queries which can result in significant challenges in terms of dealing with correspondence.

The course divides into two.

The first part looks at how AI has developed and why it is now having such an impact on business when its antecedents have been around since computers were invented at Bletchley Park during the Second World War.

The second part of the course looks at the challenges, in particular for tax departments.

The challenges include keeping abreast of developments and making sure that one remains competitive. The second challenge is internal, ensuring that there are the necessary controls. Surveys are showing that staff are increasingly using unauthorized AI at work and this could create very costly challenges for the profession.

The course therefore looks at both the appropriate use and control of AI.

Many presentations are posted with a view to selling you something. We are not trying to sell you anything and can give a clear, unbiased and objective view.

This course is designed for a wide range of professionals whose work will be influenced by AI in tax, including:

• Tax advisers and consultants
• Accountants and finance professionals
• In-house tax managers and directors
• Lawyers and legal advisers (tax-focused)
• Compliance and risk officers
• Technology leads in tax/finance functions
• Junior tax professionals and trainees

This webinar offers a clear, unbiased guide to artificial intelligence for tax practitioners, covering essential topics such as the distinction between machine learning and generative AI, database importance, AI’s capabilities and limitations, process improvements, and ethical considerations. Designed for professionals seeking insights into AI’s impact on their careers, the course stands out by prioritising objective information over sales.