HMRC has recently partnered with British-based data analytics and AI leaders Quantexa in a 175 million pound deal.
Modernising core data infrastructure
Quantexa works with public sector organisations globally on fraud, risk, compliance, and data modernisation initiatives. The aim in this case is to support the modernisation of HMRC’s core data infrastructure, giving it a clearer, connected view of its data to improve performance, identify tax at risk, and strengthen control.
According to HMRC, modern data and AI tools help reduce duplication, better link customer information across systems, and support right-first-time outcomes, improving customer service while continuing to tackle fraud and non-compliance.
Spotting patterns and relationships
The new tools will give HMRC a bird’s-eye view of both internal data and external sources, enabling it to spot patterns and relationships suggesting fraud more rapidly and accurately than ever before. The programme will also lay the groundwork for advanced AI capabilities and wider transformation efforts to close the tax gap.
If you have questions about how HMRC data changes affect your compliance, please don’t hesitate to contact us.
