A paper explores the potential impact of probabilistic artificial intelligence on small business bookkeeping and its implications for the UK tax gap. It questions whether the increasing use of AI in transaction categorization by millions of UK businesses could already be widening the tax gap. The research highlights that all figures produced by HM Revenue and Customs, including tax collected and risks targeted, are derived from financial data that originates from categorization decisions made during transaction recording. AI
IMPACT Investigates how AI adoption in financial data categorization might affect tax collection efficiency and the tax gap.
RANK_REASON The cluster discusses an academic paper analyzing the impact of AI on tax collection. [lever_c_demoted from research: ic=1 ai=0.7]
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