Search: financial focus

Aberdeen New India Investment Trust has posted its interim results for the six months to 30th of September, highlighting slight growth for the trust. The company’s net asset value (“NAV”) rose by 6.1%, while the share price rose by 7.2% (both figures in sterling total return terms)

The new IR35 ‘Off-payroll working rules’ rules due to come into force next year could cause a major increase in employee costs and trigger major cash flow problems for larger companies that routinely use contractors, Campbell Dallas has warned. Craig Coyle, a corporate tax partner with C

The Scottish Parliament’s Economy, Energy and Fair Work Committee is seeking views as part of its inquiry into Protected Trust Deeds (PTDs). Protected Trust Deeds are a type of insolvency, similar to bankruptcy, which commits the debtor to an agreed payment schedule in return for a substantial

The Financial Conduct Authority (FCA) has today announced it will ban the mass marketing of speculative mini-bonds to retail customers. Ahead of the upcoming ISA season, the FCA is introducing the restriction without consultation, using its product intervention powers. The restriction will come into

The Royal Bank of Scotland (RBS) could face a multi-million payout over its refusal to distribute successful payment protection insurance (PPI) mis-selling claims to those who have been insolvent. The potential multi-million-pound payout comes after judges at the Court of Session threw out an appeal

Chartered accountants Wylie & Bisset is advising contractors and businesses to prepare for the forthcoming IR35 tax legislation change which many commentators predict will have a significant impact on how many businesses operate. Introduced in 2000, IR35 is an anti-tax avoidance rule that applie

Euromillions winner Colin Weir has bought the majority share (55%) of Partick Thistle FC through his Three Black Cats (TBC) company, with the intention of eventually gifting those shares to fans. Mr Weir bought the majority share in the club after he won £161m on the Euromillions. He completed

The UK’s social investment market is now worth over £3.5 billion, according to new research conducted for Big Society Capital. The company said there had been “phenomenal” growth in the sector since 2015, with market value increasing by at least 30% annually over the past thr

HM Revenue and Customs (HMRC) is warning millions of Self Assessment customers to be aware of fraudsters in the run-up to the 31 January deadline. Over the last year, HMRC received nearly 900,000 reports from the public about suspicious HMRC contact - phone calls, texts or emails. More than 100,000

Partners at EY are due to take a pay cut, despite the business making record revenues. The Times reports that the 702 partners at EY received an average of £679,000 in the year to the end of June, a decrease of 2% on the previous year's pay of £693,000.

The value of Scotland’s property market is on course to top £18 billion for the second consecutive year – despite rising homeowner anxiety over Brexit, according to new figures from Aberdein Considine. The firm’s Property Monitor report found that sales hit £5.3bn durin

Willie Watt has been appointed as the first chair of the board of the Scottish National Investment Bank. Willie Watt was CEO of Martin Currie, an international public equities investment firm based in Edinburgh, between 2001 and February of 2019, and will step down as chairman of the firm in Decembe

AB13 in Aberdeen and EH18 in Lasswade near Edinburgh have neither a local post office or any cash machines, according to a new analysis from Which?

Holyrood’s finance and constitution committee has set out potential structural issues and the risk of ‘unintended consequences’ within the Fiscal Framework – the mechanism method by which partly determines Scotland’s budget. In its pre-budget report published today, the

Barclays is offering free in-branch puppy session to soothe stressed students.