Search: financial focus

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North Sea tax revenues came to just £35 million this financial year, the lowest since oil was first pumped ashore to Scotland four decades ago, figures published by Revenue and Customs have revealed. The impact of the falling oil price was reflected in figures showing that offshore Corporation Tax

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Scottish Friendly, Scotland’s largest financial mutual, has announced a record-breaking 18 per cent increase in sales for 2015. The financial services group reported a rise from the £21.6m it posted in 2014 to £25.5m in 2015.

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Police have launched a probe into alleged financial irregularities at the University of Edinburgh. The university has said staff are helping police with their investigations into the institution’s “support department” while the university also ordered its own, internal inquiry.

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Good progress is being made with implementing Scotland's new devolved financial powers, according to Audit Scotland. The spending watchdog said Revenue Scotland - which was set up to administer the new devolved taxes - had successfully delivered both the Land and Buildings Transaction Tax (LBTT) and

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