In some sense, it has already changed how we do things. Offering new ways to compile the information we need and speed up processes - something that is very important as we approach important deadlines (such as the 23/24 UK tax return deadline coming up on the 31st of Jan 2025)

In future, it is hard to know long-term because it is a fast-moving space. In the short-term I think we will increasingly be able to "automate the boring stuff" at more complex tasks - essentially allowing a higher proportion of your work to be spent on more interesting tasks!

12 December, 2024 16:43

Thanks for your answer! What do you find to be the most interesting tasks in tax?

12 December, 2024 16:46

The weird stuff! You often find with tax there are a lot of strange rules put in place for historical and political reasons.

Dealing with asset disposals/ capital gains tax is the most interesting to me for precisely this reason! For instance, did you know there's capital gains anti-avoidance legislation nicknamed "The Beatles clause"?

12 December, 2024 17:01

Never heard of that before, but just had a quick look at Google and it sounds interesting. I think I can see why the weird stuff is the most interesting. Thanks for sharing this!

12 December, 2024 17:08