Seven UK professional bodies, including ICAEW, have issued new guidance on using AI tools in tax work, effective January 2026.
The updated Professional Conduct in Relation to Taxation (PCRT) principles help members ensure ethical AI application, maintaining integrity, objectivity, and competence amid rising tech adoption in tax advice. This follows concerns over accuracy and bias in AI outputs, urging professionals to verify results and document decision-making processes.
What this means:
UAE business owners leveraging AI for tax compliance should adopt similar ethical checks to align with global standards, reducing risks of errors or audits while enhancing efficiency in cross-border operations.