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HMRC has been accused of making fewer arrests on white-collar tax dodgers due to a lack of resources and criticism about it being too “trigger happy”.

The Financial Conduct Authority (FCA) has publicly censured Perth-based insurer Aviva for making an announcement concerning certain preference shares which had the potential to mislead the market. The FCA has ruled that Aviva's announcement on March 8, 2018, concerning its preliminary year-end

TSB has introduced new mortgages for first time buyers, making it easier for young people to get a mortgage - so long as they have a 15% deposit. On Friday, the lender revealed a range of mortgages for first-time buyers which use an easier stress test than for home-movers. A stress test is a calcula

From November 2, Scottish firms that are required by law to close due to COVID-19 will be eligible for grants of either £2,000 or £3,000 every four weeks for as long as the restrictions last. Businesses which can remain open, but are directly constrained by the measures, will be eligible

Barclays has beaten profit forecasts with its third quarter pre-tax profits reaching £1.1 billion after taking a smaller hit from the coronavirus crisis than the City had expected. The £1.1bn profit is more than double the £507 million forecast by analysts and significantly higher

More people (32%) are worried about the effect of COVID-19 on their income than losing a loved one (30%), according to a new report by Creditfix.

Aberdeen Standard Investments (ASI) is celebrating the third anniversary of its Global Equity Impact Fund. The fund, managed by Sarah Norris and Dominic Byrne, was the first impact product launched by the global asset manager.

Edinburgh-based bank Hampden & Co has reported strong results during the third quarter of this year on the back of demand for borrowing.  Total lending was up 16% against the previous quarter at £289 million and increased 77% on a year-on-year basis.  Deposits also increased

Businesses in Scotland impacted by the current block of coronavirus restrictions can apply for grants of between £1,000 and £3,000 from today.   The Federation of Small Businesses (FSB) in Scotland is urging hospitality firms and other operators eligible for help to apply quickly, a

The Glasgow-based NHS Credit Union has received a Fairbanking Mark Award for its savings product. The award makes it the first credit union to have gained a three star Fairbanking Mark for its regular savings account.

In the UK around 95% of Britain’s 4.9 million private businesses employ less than 10 people. While 75% are sole proprietors, another 20%  have up to only nine employees. This means that many of these businesses are not in a position to implement a Group Life Protection scheme, or Death in

UK banks may enlist debt collection firms to recover billions of pounds of state-supported COVID-19 loans.

The Scottish Government has announced a new £40 million fund to help businesses affected by temporary restrictions to slow the spread of coronavirus. The COVID-19 Restrictions Fund will provide one-off grants of up to £3,000, depending on rateable value, to bars, restaurants and oth

The Spanish division of accountancy firm BDO is facing a €100 million fine over a fishing company's accounts. BDO's Spanish division was the auditor of Pescanova, a Galician foods group, for over ten years before the firm filed for insolvency in 2013, having incurred debts of more than &eu

Employers in Scotland who may have wrongly claimed support from the Coronavirus Job Retention Scheme (CJRS) are being warned to act now to avoid significant penalties from HM Revenue & Customs (HMRC).