The University of Essex and Cooper Parry Advisory Limited KTP 24_25 R5
In plain English
AI plain-English summaryA software system will take over the task of tagging corporate tax returns and running financial analysis, using robotic process automation and large language models to prepare submissions for HMRC. Currently, accountants and tax professionals must manually tag and analyse each line of a corporation tax return, a time-consuming process prone to human error. This project aims to automate that entire workflow from end to end, combining robotic process automation with cutting-edge AI techniques to handle the tagging, analysis, and formatting of client data ready for submission. If successful, the system could dramatically reduce the hours accountants spend on routine compliance work, cutting costs for firms and potentially speeding up tax submissions to HMRC. For businesses, this means fewer delays and lower fees for tax preparation. The underlying automation techniques could also be adapted for other areas of financial reporting and regulatory compliance, quietly improving the efficiency of back-office systems that keep the economy running.
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