𝐀𝐈-𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐫𝐢𝐬𝐤𝐬 𝐢𝐧 𝐭𝐚𝐱: 𝐆𝐀𝐈𝐍 𝐓𝐚𝐱 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡
At GAIN Tax, we acknowledge the risks that come with using AI in a professional setting, and here is how we mitigate them.
❶ 𝐂𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥𝐢𝐭𝐲 𝐛𝐫𝐞𝐚𝐜𝐡𝐞𝐬
If you put client details into a large language model, you may be giving that information away. Most providers say in their policies that application collects user-provided information to support its research, train the bot and improve the quality of future responses.
GAIN Tax anonymises sensitive client data before transferring prompts to large language models, ensuring GDPR compliance and alignment with professional standards.
❷ 𝐏𝐫𝐨𝐦𝐩𝐭 𝐬𝐞𝐧𝐬𝐢𝐭𝐢𝐯𝐢𝐭𝐲
AI doesn’t always give the same answer twice. Change a word and you might get a very different response – not something you want when dealing with tax compliance.
GAIN Tax includes an “Improve Prompt” feature that rewrites user queries into clear tax language, reducing the chance of inconsistent or misleading results.
❸ 𝐎𝐮𝐭𝐝𝐚𝐭𝐞𝐝 𝐝𝐚𝐭𝐚
Many AI models rely on old snapshots of the internet. They may not include the latest Finance Act or HMRC manual updates. In tax, working with last year’s law isn’t an option.
GAIN Tax continuously ingests legislation and HMRC guidance so the information is always up-to-date.
❹ 𝐎𝐯𝐞𝐫𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐜𝐞 𝐛𝐢𝐚𝐬
AI is known for producing confident answers even when it’s wrong. And in tax, being almost right can still mean penalties.
GAIN Tax makes this clear: our outputs are not tax advice. They are support for research and drafting. Every response must still be checked by a qualified professional. GAIN Tax is an assistant, not a substitute for judgement and expertise.
❺ 𝐀𝐮𝐝𝐢𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲
If there’s no record of what was asked or answered, it’s impossible to show diligence if you’re challenged.
GAIN Tax securely keeps a full history of your queries and results. Users can see their past prompts and responses, while the system also maintains structured logs in line with software development best practice.
❻ 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐞𝐫𝐫𝐨𝐫𝐬
AI is not a calculator. It often gets numbers wrong, misapplies formulas, or mishandles percentages. That’s risky when small mistakes can have big financial consequences.
GAIN Tax is not designed to perform tax calculations. We don’t pretend otherwise. For numbers, we recommend using specialist tax software or your firm’s established tools.
AI won’t replace tax professionals. But professionals who use AI safely will gain a clear edge over those who ignore it.
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