Seven professional bodies have collaboratively released guidance on the responsible use of artificial intelligence (AI) in taxation, updating the Professional Conduct in Relation to Taxation (PCRT). This guidance assists members—across practices, businesses, and public sectors—in applying ethical principles when utilizing AI for UK tax advice. Key areas include maintaining integrity, mitigating bias, ensuring client confidentiality, and recognizing AI limitations.
As AI’s role in tax work grows, the PCRT emphasizes that professionals remain accountable for their work, regardless of AI involvement. Professionals should critically assess AI outputs and maintain client trust, ensuring data used in public AI tools is anonymized to uphold confidentiality. The initiative is led by seven organizations, including ACCA and CIOT, aimed at providing clarity amidst evolving AI practices in taxation. This impactful guidance positions PCRT as a trusted resource for ethical standards in the emerging landscape of AI.
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