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HMRC is handing a British AI company £175 million to help it spot tax fraud, uncover hidden financial networks, reduce costly mistakes, and improve customer service, as pressure mounts over rising complaints, growing complexity, and a £46.8 billion tax gap. Deal With Quantexa The decade-long deal with London-based AI and analytics firm Quantexa marks one…
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HM Revenue & Customs has confirmed it is using artificial intelligence (AI) to monitor the social media accounts of suspected tax cheats, in what it says is a targeted approach aimed at tackling fraud and reducing the UK’s tax gap. Using Algorithms The disclosure came after recent reports in The Telegraph revealed HMRC was using…
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