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Taxi and private hire fares are set to rise significantly as a result of changes in the Autumn Budget which will impose VAT at 20% on most taxi private vehicle hire fares from the start of 2026, writes Greg McNally. The change is expected to raise approximately £700 million a year. It effectiv

ICAS has called on Rachel Reeves to deliver a budget that "backs businesses as the engines of economic growth". Ms Reeves will deliver the Autumn Budget announcement next Wednesday 26 November.

1nhaler, a Scotland-based drug delivery device developer, has secured an additional £1.5 million in seed funding to drive development of its novel pop-up cardboard dry powder inhaler (DPI).

Slower growth in earnings and employment compared with the rest of the UK is weakening the impact of devolved taxes on Holyrood's budget. The Scottish Government's budget has been boosted by over £4 billion since the introduction of devolved taxes in 2015/16. But that figure is significantly l

The Scottish charity audit threshold will rise to £1 million of gross income per year for reporting periods beginning on or after 1 January 2026, up from the current threshold of £500,000. The Amendment Regulations making this change were laid before the Scottish Parliament on Monday 10

Chancellor Rachel Reeves has refused to rule out tax hikes in the upcoming budget, as she stressed that she will make the "necessary choices". Expected on 26 November, the Chancellor said that the budget will be based on "fairness and opportunity" after "the world has thrown even more challenges in

Ross Stupart, regional managing partner for RSM Scotland, gives his view on what impact the UK budget could have on Scotland. With the UK budget fast approaching, the persistent deficit, underwhelming economic growth forecasts and a manifesto pledge not to raise taxes for working people, Rachel Reev

Venture capital (VC) investment into Scotland’s start-up and scale-up businesses soared by more than 200% in the third quarter of 2025, according to the latest KPMG Private Enterprise Venture Pulse report. Scottish businesses raised £116.1 million in the third quarter of 2025.

Chancellor Rachel Reeves is preparing a tax crackdown on professional partnerships, targeting accountants, lawyers, and other professionals using limited liability partnerships (LLPs) as part of her plan to ensure those with the “broadest shoulders” contribute more. The proposal involves

A new report from the Scottish Land Commission shows how lessons from around the world could help Scotland modernise the way it values land and property, strengthening the foundation for fairer taxation to support sustainable public finances, and action on climate change. The research, carried out b

The UK is in a fiscal bind and it is likely that the Chancellor Rachel Reeves will return with another tax-raising Budget on 26 November, according to the Institute of Fiscal Studies (IFS). One much-asked question is whether Ms Reeves will be able to raise large sums without breaking Labour’s

Port Glasgow-based McLaren Packaging Group, a specialist supplier to the Scotch Whisky industry, is returning as a programme sponsor of the third edition of The Distillers One of One charity auction, set to take place this Friday, 10 October 2025 at Hopetoun House near Edinburgh, in collaboration wi

Glasgow's citizens, communities and businesses are being offered the chance to invest in the city's action on climate change.

Aberdeen & Grampian Chamber of Commerce has urged the UK government to scrap the Energy Profits Levy (EPL) after official figures revealed a dramatic slump in revenues from North Sea oil and gas.

High-profile artworks by Picasso and Jean-Michel Basquiat, once owned by actor Leonardo DiCaprio, are being auctioned to compensate victims of the 1MDB financial scandal. The sale is poised to raise millions for the citizens of Malaysia, who were defrauded of $4.5 billion (c. £3.35bn) in the s