Scottish businesses involved in the construction sector could face substantial cash flow issues under new VAT rules due to be introduced this year, according to accountants and business advisors French Duncan. HMRC has updated the draft legislation for its new VAT domestic reverse charge regime for
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Mortgage customers who have previously been unable to switch mortgages despite being up-to-date with their payments (commonly known as mortgage prisoners), could soon be able to find a cheaper deal after the Financial Conduct Authority (FCA) proposed changes to how lenders assess whether or not a cu
The cost of staying overnight in Glasgow grew by more than 3.5 times the national average last year, while Edinburgh remained largely static, according to PwC’s latest UK Hotels Forecast Update.
Glasgow-based Maven Capital Partners has announced the successful final close of the Maven UK Regional Buyout Fund LP, which has received total commitments (including from co-investment vehicles) of £100 million from a diverse range of investors, including Scottish Enterprise - Scotland&r
The largest Grade ‘A’ office building currently available in Edinburgh has now been released by Royal Bank of Scotland for occupation.
The Scottish Government's consultation on Scottish charity law has too limited a scope and represents a missed opportunity for meaningful reform, according to audit, tax and consulting firm RSM. In its response to the consultation which closes on 1 April, RSM highlighted that a broader rev
Edinburgh-based wealth management partnership Baillie Gifford has launched its Schiehallion Fund (MNTN), a new closed-end investment company dedicated to the unlisted ‘unicorns’ that its flagship Scottish Mortgage Trust has successfully pioneered.
A £25 million fundraising campaign has been launched to support the Ross Development Trust’s project to transform Princes Street Gardens. The newly named Quaich Project will see a new venue for open-air concerts and events created on the site of the current Ross Bandstand.
Almost 115,000 businesses waited an average of 57 days for payment in 2018 with more than 1,000 of these subsequently entering insolvency as a result, according to new data from insolvency specialist Begbies Traynor. The data, which was gathered from more than 1 million debtor day reports since 2011
Global M&A deal values reached $467bn (£353) for the first two months of 2019, according to new analysis from Deloitte. However, the research predicts a slowdown of between 4-7 per cent in M&A deal volumes by the end of the first quarter of 2019, compared to the first quarter
Edinburgh-based IT consultancy and managed services firm, Quorum Network Resources Ltd will make the move to employee ownership on Friday with an employee trust owning the majority of shares in the business on behalf of Quorum’s 100 employees. The company currently provides a variety of IT ser
Investing Women, Scotland’s only all-female business angel group, has announced its annual conference will be staged in partnership with EIE 2019. This year’s event will be staged under the theme ‘The Sky’s No Longer the Limit’ with a number of internationally-ren
Glasgow-based private equity house Maven Capital Partners has led the management buyout (MBO) of CMS Window Systems, an end-to-end provider of premium window and door solutions, and one of Scotland’s fastest growing manufacturing businesses.
Barclays has today announced a £14bn lending fund as part of what it says is a series of initiatives to help small and medium-sized businesses (SMEs) to succeed and flourish through Brexit and beyond. Focused on building SME resilience during uncertain times, the package of support includes:
Incomes from commercial farms in Scotland have gone up in 2017-18, but the latest annual figures show agriculture is still dependent on farm subsidies.