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27 June 2024
Issue: 8077 / Categories: Legal News , Technology , Artificial intelligence , Tax
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Tolley+ AI launch

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Two-thirds of UK tax professionals either use generative artificial intelligence (AI) on a regular basis or intend to do so soon, a Tolley report has found

The report, ‘How generative AI is transforming tax practice’, also found 79% concerned about AI’s potential for untrustworthy content or hallucinations, while 71% would be comfortable using AI grounded in authoritative content.

The report’s publication coincides with the launch this week of Tolley+ AI, an AI product designed for tax research and guidance. As Tolley is part of LexisNexis, Tolley+ AI is grounded in the largest repository of proven tax content available, with all results backed by a verifiable, cited authority or source.

Jon Scriven, director of tax markets at Tolley, said: ‘AI is set to transform and revolutionise the practice of tax.’

Issue: 8077 / Categories: Legal News , Technology , Artificial intelligence , Tax
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