HMRC is using AI!!
HMRC is utilising its sophisticated AI tools alongside its £80m Connect database when investigating taxpayers. Connect collects data from numerous sources, including offshore taxpayer’s information, under the Common Reporting Standard.
HMRC then cross-reference this against tax returns and other sources to flag up individuals and business for investigation.
Why not talk to us about how we can assist you with one of our monthly plans that can include cover for our fees for an HMRC tax investigation under our fees insurance policy.