UK TAX AUTHORITY SIGNS £175M AI DEAL WITH QUANTEXA

HM Revenue and Customs will use Quantexa's artificial intelligence platform to enhance its ability to identify fraudulent activities and fix mistakes in tax submissions. The deal represents a significant investment in automation for the tax authority, which processes millions of returns annually. Quantexa's technology uses machine learning to analyze patterns and anomalies in financial data. The firm, based in London, specializes in AI-driven decision intelligence for the financial and public sectors. The 10-year agreement signals HMRC's commitment to modernizing its fraud detection capabilities as tax evasion costs the UK billions annually. The contract is expected to improve processing accuracy and help recover unpaid taxes more efficiently. The deal comes as UK government agencies increasingly turn to AI solutions to manage complex operational challenges and improve service delivery.