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HMRC failed to collect over £30 billion in 2021, according to new figures. Figures published by the tax authority revealed £32bn in tax went unpaid in the 2020-21 financial year. This marks 5.1% of the total that HMRC is owed.

The UK Government’s trading plan to sell part of its shareholding in Royal Bank of Scotland owner NatWest has been extended for another 12 months. A trading plan involves selling shares in the market through an appointed broker in an orderly way at market prices over the duration of the plan.

Chris Wayne-Wills, CEO of Crerar Hotels, the privately owned five and four star hotel group in Scotland, has been appointed as the new chairman of UKHospitality Scotland. He takes over from Calum Ross, owner and proprietor of Loch Melfort Hotel in Argyll.

Blair Nimmo and Geoff Jacobs from Interpath Advisory have been appointed as joint liquidators of Scottish bar operator Macmerry300 Ltd. The administrators were appointed yesterday.

Scotch Whisky Investments (SWI) has heralded a significant investment in Fife, including proposals for the delivery of a new mixed-use development in Falkland, which will incorporate a new corporate headquarters building, and an expansion of a proposed whisky storage facility in Glenrothes.

More than £2.5 billion of new private sector investment in the UK’s vital green energy sector is at stake as ministers choose the locations for two Scottish Green Freeports this summer, according to Opportunity Cromarty Firth (OCF), the consortium bidding to win the status for the S

Storskogen, a Swedish group that acquires and operates well-managed and profitable small and medium-sized companies, has made its first acquisition in Scotland with the purchase of 80% of the shares in J&D Pierce (Contracts) Ltd. The specialist in fabrication and site erection of structural

Glasgow-based online retailer of men’s wet shaving and grooming items, The Executive Shaving Company, has moved into employee ownership with all staff taking a stake in the business.

St Andrews-based investment firm Eos Advisory has strengthened its team, with Andrew Durkie joining as a partner, and Andy Lothian and Sandy Kennedy appointed as non-executive growth advisors. Andrew Durkie is a chartered accountant who brings over twenty years’ experience in mergers and

The Scottish Building Society has been crowned Building Society of the Year at the Scottish Mortgage Awards for the fourth consecutive year. The highly coveted accolade was presented at a ceremony at The Balmoral in Edinburgh on 9 June 2022, celebrating mortgage lenders and products across the count

Datavita, data centre and multi-cloud services provider, has announced plans to open a new data centre within 177 Bothwell Street in Glasgow, the office building developed by HFD Group. The installation of the data centre represents £6 million of investment from the company and will be Datavit

Big Four accountancy firm PricewaterhouseCoopers (PwC) has been fined £5 million in relation to its audits of Galliford Try and Kier Group. The company was fined a total of £8,850,000, adjusted to £4,998,500, by the Financial Reporting Council (FRC) - £3,038,750 and 

The Virgin Money Foundation has partnered with the HFD Charitable Foundation to support a Glasgow charity's employability programme with a £20,000 funding grant. FARE Scotland received the support through the two charities' Glasgow Community Anchors' Fund for its latest career development prog

A takeaway boss who abused Covid-19 support schemes, wrongly claiming £50,000 of taxpayer support, has been banned from being a company director for seven years. Ifraz Nabi, 41, was disqualified as a director for seven years after claiming £30,000 through the Eat Out to Help Out scheme a

Family-run Brewster Brothers has secured more than £450,000 grant funding from Scottish Enterprise to create 22 new green jobs as part of its ambitious expansion plans. The sustainable resource management company, which recycles 99% of all construction, demolition and excavation (CDE) waste it