Wealthy warned over HMRC’s use of AI in tax crackdown

Started by rcjordan, July 11, 2026, 06:30:00 PM

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rcjordan

likely paywalled but title tells all

Advisers put rich on alert after authority says digital tools brought in billions in tax last year


https://www.ft.com/content/ab7f7fba-2e4a-4336-afd1-418b10c8248b?syn-25a6b1a6=1

ergophobe

Paywalled.

Back in 2023, there was panic about this in accounting circles in the US

IRS To Audit Wealthy Taxpayers Using Artificial Intelligence (Sep 2023)
https://www.sideman.com/irs-audit-for-ai-u/

The IRS is using artificial intelligence (AI) to focus audit efforts on complex partnerships and users of digital assets. (Fall 2023)
https://www.skadden.com/insights/publications/2023/11/the-informed-board/the-irs-is-coming-for-partnerships-and-high-net-wealth-individuals

But don't worry, we fixed that.

"In 2022, IRS received $79.4 billion to help modernize its operations—including with AI. Subsequent laws have rescinded or prevented IRS from spending more than half of that amount"
https://www.gao.gov/blog/inside-irs-use-artificial-intelligence

A party that once advertised itself as the party of fiscal responsibility, is now the party waging a full-scale war on enforcement of tax law begin applied to wealthy people (the main trigger for an audit these days in claiming the Child Tax Credit).