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A further £3.1 million has been cut from the tax bill owed by the firm which formerly owned Rangers Football Club. Sources in the financial sector told The Times that it appeared the bill was likely to be reduced further as liquidators said they were having “positive discussions” w

Richard Douglas-Home looks at proposed changes to the capital gains tax regime. The Office of Tax Simplification (OTS) is an independent office of the Treasury, set up in 2010 to provide advice to the government on simplifying the UK tax system. It will produce reports either on its own initiative o

Renewed household and government spending will drive the UK’s economic recovery in 2021, but a more cautious revival in business investment means it will be the end of 2022 before GDP returns to pre-pandemic levels, according to the Confederation of British Industry (CBI).

With the UK coming to the end of its second lockdown, only 21% of Scottish SMEs feel that overall Boris Johnson is dealing with the COVID-19 outbreak effectively, compared to 46% nationally, according to the second Newable Small Business Confidence Index. Other than the pandemic, 57% of Scottish SME

A boom in manufacturers selling direct-to-consumer will provide a £2.5 billion boost to Scottish firms by 2023, according to new research released by Barclays Corporate Banking. The new report – ‘A direct approach’ – combines polling of manufacturers, logistics firms an

More than half of Brits (56%) believe investing 'is too much of a gamble' for them right now according to research by Dundee-headquartered investment firm Alliance Trust. A fear of losing money was the top reason Brits did not invest their savings, with a third (32%) of those who currently do not in

Bank of Scotland owner Lloyds Banking Group has announced that it is reintroducing 10% deposit mortgage deals after COVID-19 crisis saw banks and building societies cut such deals from their offerings. The mortgages will be available for first-time buyers from the group’s Lloyds Bank and Halif

Job hunting in some pockets of the Scottish financial sector has become ten times more competitive due to the impact of the pandemic and the evolving needs of businesses, according to Edinburgh-based financial recruitment firm Core-Asset Consulting. The firm predicts an ever-growing pool of applican

New research commissioned by the Financial Reporting Council (FRC) has shown that the development of standards for audit committees would support a more consistent approach to promoting audit quality. The research, conducted by YouGov, involved interviews with Audit Committee Chairs (ACCs) on how th

UK house price growth rose by 6.5% in November, the highest rate since January 2015, according to the latest Nationwide House Price Index.

The Bank of England (BoE) has reported that mortgage approvals for house purchases extended their recent buoyancy in October, climbing to 97,532 marking the highest rate since August 2007.

Average pay in the UK will be £1200 a year lower in the next five years, according to the Resolution Foundation.  Responding to Chancellor Rishi Sunak's Spending Review announcement on Wednesday this week, the think tank has warned that the coronavirus crisis is prolonging the UK's 15-yea

Aberdeen Japan Investment Trust, a fund managed by Aberdeen Standard Investments, has outperformed its share price and net asset value benchmark in the six months to 30 September.  The company’s net asset value total return for the six month period to 30 September 2020 was 26.3%, pos

Scottish timber and manufacturing specialist James Donaldson Group has announced the arrival of its latest business which will offer expertly crafted, made-to-measure home office and study solutions.

Stuart Clark, managing director of Russell & Russell Chartered Accountants in Glasgow, lists five things to consider if you might make the switch to electric vehicles (EVs) for your employees. The tax treatment of company-owned electric cars is not as simple as you would hope, but there are defi