AORA TAX PLATFORM

The Problem

Amongst the many complex tax questions that may potentially face a UK company are the following:

• Is it a close company?
• Does it qualify as a REIT?
• Would its investors qualify for EIS relief?
• Does it have any capital allowances available?
• Does it qualify for R&D tax credits?
• Is it eligible for a certain type of relief?

Furthermore, these issues are often interlinked and regularly relate to a common set of underlying data.

Traditional approaches to examining and resolving such dilemmas involve many hours of expert analysis, backed by continual reference to relevant legislation and precedent. Regulations are invariably dense, copious, obscure and rapidly changing. Aside from the obvious cost implications of the sheer number of hours of practitioner resources, on tasks that are often dull and repetitive, there is also the worrying potential for a flawed recommendation.

Our Solution

The AORA Corporate Tax Platform's software delivers consistently reliable evaluations and determinations on UK tax regulation issues. Each of its specialised applications addresses a company’s potential qualification for a particular claim, concession, special status or treatment. New applications will be added to the software platform on an ongoing basis.

The reports generated are presented in machine generated high-quality, natural prose, articulated in a style consistent with a human expert. They are supported by comprehensive references, detailed tables and clear, concise graphics. Most importantly, they precisely cite the full legislation, HMRC guidance and case law on which the results are based.

AORA’s Corporate Tax Platform economises the processes of market leaders, emboldens challenger firms, and empowers sophisticated corporate users. It is the ideal tool for those seeking a software system to automate and speed up their tax determination processes.

Key Benefits:

• Reduces practitioner time by 50% - 90%.
• Encompasses the entirety of the latest legislation, HMRC guidance and case law.
• Delivers accuracy and rigour on a par with, or superior to, the finest practitioners.
• Accomplishes tedious, routine exercises, such as checking calculations or devising diagrams, in minutes.
• Provides detailed explanations and disseminates specialist knowledge between colleagues, facilitating collaboration.
• Enables easy, instant assessment of alternative scenarios.
• Affords complete authority and confidence when advising clients.

Crucially, our software platform dramatically reduces the time spent on banal, repetitive duties. The absolute dependability of its recommendations, and the all-encompassing diligence of the supporting detail, are nothing short of transformational for tax practices.

The resultant benefits for both practitioner and client are exceptional.

How We Do It

AORA is unique amongst tax automation platforms. 

It does not try to pattern-match a particular case with examples of previous facts or build decision trees mapping one human tax advisor’s process.

Instead, it turns all relevant legislation, official guidance and case data into computer-readable rules, using generative AI to accelerate the process.

Then, cognitive AI tools evaluate the information gathered from each case, producing a definitive, explainable determination and a variety of reports.

Taking this approach is not easy, because each area of tax requires intense analysis. The 'human in the loop' is crucial to this knowledge gathering and machine learning assisted with generative AI tools. But, as we have a proven track record and a mature development process, our results are worth the effort.

We have an existing product in commercial use by leading law firms which was built using this approach, and we have now completed our first tax applications, automating two areas of the UK’s Corporation Tax Acts

AORA’s analysis is supervised by Tax Director, Richard White, formerly a tax partner at EY and KPMG, and before that a tax inspector at HMRC.