From Tax Journal: Tolley (publisher of Tax Journal) has published a new report How generative AI is transforming tax practice revealing that 66% of the 446 UK tax professionals surveyed are either already using or plan to use AI for work purposes.
Key to the take up of generative-AI tax solutions is trustworthiness, with 79% of respondents having some level of concern around ‘hallucinations’ and ‘lack of trust’ in publicly available, free-to-use generative-AI platforms. However, 71% said they would be ‘somewhat’ or ‘completely comfortable’ using AI-powered tools that were grounded in proven, authoritative tax research and guidance content.
https://www.taxjournal.com/articles/trustworthiness-is-key-to-adoption-of-ai-in-tax-but-pricing-potentially-problematic-says-tolley