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New research carried out by the Bank of Scotland has revealed that a third of small firms fear the burden of late payments will get worse over the next six months. The Edinburgh-based lender's survey of SMEs found the typical small business north of the border is owed more than £79,000 by customers

A football-loving businessman who fled to Spain after scamming more than £90,000 from the taxman, but could not resist the lure of his beloved Everton, has been jailed. Tax cheat Damian O'Hagan, 60, was snared by police as he tried to enter the Merseyside club’s Goodison Park ahead of Everton's 2

A law firm's bid to avoid contributing more than £50,000 to the Scottish Solicitors’ Staff Pension Fund's £10 million deficit has been rejected by the Inner House of the Court of Session.

Perth-based energy giant SSE is to cut its standard gas tariff for domestic customers by 5.3 per cent. The new tariff is due to come into force at the end of March and makes SSE the second of the UK's big six suppliers to announce price cuts this winter after E.On last week said it would cut gas pri

Willie Rennie The Scottish Liberal Democrats have announced that they are committed to increasing income tax by a penny in order to fund what they say would be “the biggest investment in Scottish education since devolution”.

Business advisers and accountants Scott-Moncrieff have kicked off the year by announcing a new board for their growing business, which encompasses offices in Edinburgh, Glasgow and Inverness, following a merger last year with Callander Colgan.

Martin Gilbert Aberdeen Asset Management founder and chief executive Martin Gilbert has been named deputy chair of satellite TV operator Sky.

Duncan Ferguson Former Dundee United striker Duncan Ferguson has been declared bankrupt.

Fred Goodwin A bankrupt Taiwanese businessman has launched a lawsuit in Singapore against Royal Bank of Scotland.

James Anderson James Anderson, who runs the £3 billion Scottish Mortgage Investment Trust that owns £120 million shares in Google’s parent company, Alphabet, has launched a chastening attack on the tech giant over its UK tax obligations.

Over a quarter (28 per cent) of the value of small and mid-cap quoted companies is based on reputation, according to the Pulse survey by accountants and business advisers BDO and the Quoted Companies Alliance (QCA). For Scotland’s AIM listed companies this means that £428m of their overall value

Paul Wheelhouse

Holyrood’s Finance Committee has called for a wide ranging debate on taxation policy following the implementation of new financial powers arising from the Smith Commission. The committee issued the call in its report on the Scottish government’s draft budget for 2016-17, published today.

According to new data from the HMRC, men are more likely than women to get their tax returns in on time. The Taxman says that in the 2013-14 tax year some 294 out of every 10,000 tax returns submitted by men were late, while women had a higher late return rate of 303 for every 10,000.