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Millions of UK bank account holders are putting themselves at a much greater risk of fraud by ignoring crucial warnings provided by the Confirmation of Payee (CoP) service, according to new research by Lloyds Bank. When sending money online to someone that hasn’t been paid before, Confirmation

Businesses have less than a week to prepare for Making Tax Digital (MTD) for Value Added Tax (VAT) becoming mandatory for VAT-registered businesses on 1 April, HMRC has revealed. MTD helps taxpayers get their tax returns right by reducing common mistakes as well as saving time managing their tax aff

The Artisanal Spirits Company, the owner of The Scotch Malt Whisky Society, has seen its gross profits increase by 27% to £11.2 million in the 12 months to 31 December 2021.

East Kilbride-based FreeFlow Technologies (FFT), which has developed a light power to weight e-Bike motor, is moving into production following the completion of a £1.65 million funding round led by investment syndicate Kelvin Capital. The new investment will accelerate the production of units

Scottish Widows has announced that it will divest millions of pounds from tobacco companies due to an update to its exclusions policy. The firm revealed that it will not invest in any company deriving more than 10% of its revenue from tobacco. This 10% threshold means that all tobacco manufacturers

Royal Bank of Scotland owner NatWest Group has informed its shareholders they will have the opportunity to have a Say on Climate at its AGM next month through the bank’s first climate resolution. The bank is asking its shareholders to give their support to its strategic direction on climate ch

New research from Aviva studying the attitudes of the over 50s towards their pension has uncovered that half (49%) regret not saving into their pension sooner, and almost two thirds (64%) wish they had contributed more into their retirement savings at an earlier stage.

A barber business led by Best Barber UK winner Kyle Ross, has opened across three floors of a prime city centre property on Renfield Street in Glasgow. The salon will offer luxury hair and beard services on the ground floor, with a new barber academy occupying the basement. The first floor will serv

Almost £6 billion has been invested to support low income households across Scotland over the last three years. More than a third of that total, around £2.18 billion, has directly benefitted children as the Scottish Government prepares to publish its Tackling Child Poverty Delivery Plan

A total of 87% of UK SMEs are unaware of their business’s total carbon emissions, despite good intentions, with almost half (45%) of UK SMEs recognising it is important to lower their emissions in the near future, according to new research published by NatWest. These stark statistics follow Na

AML Tax (UK) Limited, a firm owned by Scottish businessman Doug Barrowman, has been fined £150,000 for failing to provide HMRC with legally required information. The firm, which was part of Mr Barrowman's Isle of Man-based Knox Group, promoted tax avoidance schemes in the UK for years.

Helen Mill, Aberdeen-based business coach and facilitator of The Alternative Board, offers advice to all business owners on planning an exit strategy. You have devoted a huge part of your life building up your business to where it is today. It has given you the chance to do what you love. You have m

Glasgow-based Esteem Training Limited, a construction management training company, has transitioned into an employee-owned enterprise. With immediate effect, shares in Esteem Training Limited, previously owned by founder and director Trudy Mackenzie and fellow directors Ian Grigg and Martina Hö

Three Scottish companies have joined forces to accelerate the launch of a potentially world-beating biofuel technology. The companies are Ardnamurchan Distillery, Woodlands Renewables and Scotland’s first biorefinery, Celtic Renewables, based in Grangemnouth.

Distiller Eden Mill St Andrews has received full planning permission to build its stunning new distillery and visitor centre in St Andrews. A 50-year land lease has been agreed and signed with the prestigious and world-renowned University of St Andrews .