News

Huge increase in employment tribunal claims

Huge increase in employment tribunal claims

According to UK government data published this week, there has been a 64 per cent overall increase in the number of employment tribunals in the two months since fees were abolished. Tribunal fees were introduced four years ago but were abolished in July this year following a Supreme Court ruling that said the government was acting unlawfully and unconstitutionally […]

UK still world’s top financial services exporter

UK still world’s top financial services exporter

The UK is still the world’s leading exporter of financial and related professional services, according to a compendium of economic statistics published today. In 2016 the UK-based industry netted a total trade surplus of US $93.6bn (£69bn), figures compiled by TheCityUK show, more than the next two leading countries, the US and Switzerland, combined. TheCityUK said the achievement underlines […]

Glasgow firm scoops Credit & Collections Technology Award

Glasgow firm scoops Credit & Collections Technology Award

Glasgow-based Ascent Performance Group has won the Legal Software Solution Award at the inaugural Credit & Collections Technology Awards 2017. The awards have been launched to find innovation and technology which best supports customer outcome. Winners and finalists in 16 categories are those recognised as leading the way in enhancing credit and collections technology. Categories, assessed […]

Scotland’s commercial property market enjoys significant boost to annual returns

Scotland’s commercial property market enjoys significant boost to annual returns

Third quarter data for Scottish commercial real estate revealed a notable increase for annual total returns, which rose from 2.1 per cent in Q2 to 6.1 per cent in Q3, according to leading property consultant CBRE. The rise can be attributed to a combination of improved performance during the quarter plus the large fall in values […]

Consolidation in hotel sector likely as operators face challenging trading year ahead

Consolidation in hotel sector likely as operators face challenging trading year ahead

The New Year is likely to be a challenging one for the UK’s hotel operators with flat occupancy levels and increasing overheads, despite positive global and EU economic growth. UK hotels’ average room rates should see modest growth, however. Looking ahead to 2018, hotel consultant Russell Kett, chairman of HVS London, warns that the combination […]

Complexity the price to pay in devolved tax trade off, say industry professionals

Complexity the price to pay in devolved tax trade off, say industry professionals

Tax professionals have cautioned that plans to restructure Scottish income tax will introduce additional complexities for Scottish taxpayers, while warning that the new measures should not be considered in isolation from the wider UK tax and benefits regime. Following weeks of speculation, the Scottish government announced yesterday the income tax changes that will see higher […]

Tax fraudster issued with £127,000 payback order

Tax fraudster issued with £127,000 payback order

A woman who was jailed over a £850,000 tax fraud carried out with her former husband has been ordered to pay £127,000 of the cash back. Donna Mackay, 44, was jailed for almost four years after the massive tax scam carried out with Michael Howard, 45, while they ran their Motherwell-based multi-million pound security systems […]

Strathleven Regeneration CIC takes ‘Best Implementation’ award for Lomondgate project

Strathleven Regeneration CIC takes ‘Best Implementation’ award for Lomondgate project

An economic development and regeneration project initiated in the aftermath of the closure of the J&B whisky bottling plant in Dumbarton 17 years ago, resulting in the loss of 470 jobs, has been recognised by the Institute of Economic Development (IED) at its inaugural awards. Through the Lomondgate project, delivered by what is now Strathleven […]

Johnston Carmichael named as title sponsor for Scottish Curling Junior Championships

Johnston Carmichael named as title sponsor for Scottish Curling Junior Championships

Scottish accountancy Johnston Carmichael has been named by the Royal Caledonian Curling Club as principal sponsors of the Scottish Curling Junior Championships, 2018. The event takes place from January 24th – 28th at Curl Aberdeen, the city’s purpose-built facility. The accountancy and business advisory firm have already been announced as the headline sponsor of the 2018 World Junior Curling […]

Blog: The role of a court reporter in a liquidation

Blog: The role of a court reporter in a liquidation

Leon Breakey, a partner, and Graham Horn, a senior solicitor at MacRoberts, look at recently issued shrieval guidance on the role of the court reporter in a liquidation The court process for determining a liquidator’s remuneration is relatively straightforward. The liquidator submits his accounts to the court who then appoints a court reporter (i.e. an independent accountant, typically […]