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Company directors who either commit VAT fraud or fail to demonstrate procedures to prevent VAT fraud in the supply chain are being targeted by HMRC with a trader monitoring campaign shaped by The Kittel Principle. This principle defines whether a director has been fraudulent, knew about a fraud or,

Average house prices in Scotland have risen by 20% since the start of the pandemic, according to an analysis of the latest data by property firm DJ Alexander Ltd. The firm said that between March 2020 and February 2022 average property prices in Scotland rose 20.0% from £150,625 to £180,

The UK’s small businesses will be run by personal avatars by 2050 thanks to powerful advances in artificial intelligence (AI) in the coming decades, according to a new futurology report commissioned by Virgin Money, owner of Glasgow-based Clydesdale Bank.

A coffee shop in Florence has been fined €1,000 (£847) after a customer got angry over the price of an espresso. The customer called the police after being charged €2 (£1.70) for his coffee (a decaffeinated one) at Ditta Artigianale in the centre of the city.

An Edinburgh-based team from CMS has advised Aviva Investors on a refinancing of 12 NHS primary health and integrated care centres across the Kingston upon Hull area. Built as part of the NHS LIFT (Local Improvement Finance Trust) Programme, Hull Citycare Limited’s portfolio of healthcare proj

Graeme Macaloney, a businessman who operates a drinks company in Canada, has agreed to cut "Scottish sounding" names from his products after being sued by the Scotch Whisky Association (SWA). The SWA released a statement, revealing it had resolved its dispute with Macaloney Brewer & Distillers L

Research from Grant Thornton UK's latest Business Outlook Tracker shows that over half (52%) are finding it harder to operate their business today, compared to 12 months ago. To manage cost pressures, 61% of respondents said that their suppliers have agreed to more flexible (longer) payment terms, a

Aberdeen-based biopharmaceutical company Elasmogen has secured an £8 million investment from BGF and the Scottish National Investment Bank, with additional support from existing investor Scottish Enterprise. The multi-million-pound investment will enable Aberdeen-based Elasmogen to continue de

X-Genix, a company in the process of spinning out from the University of St Andrews, is in talks with a number of top global pharmaceutical companies following the development of sustainable technology which could revolutionise the way that medicines are made. The team of Fife-based researchers has

Kevin Hollister, founder of Glasgow-based pensions calculator Guiide, discusses how to close the ever expanding pensions advice gap. There is so much talk about the advice gap around pensions but to date, there has been little action to bridge it. What can actually be done to help close the gap?

Up to 35 million savers now have access to the Pensions and Lifetime Savings Association (PLSA)’s Retirement Living Standards through their pension scheme’s communications. In total, 124 organisations are using the Standards, including over 100 pensions schemes and some of the largest an

Total retail sales in Scotland increased by 15.3% in April this year compared with April 2021, when they had grown by 107.9%, according to the latest Scottish Retail Consortium (SRC) & KPMG Retail Sales Monitor.

US investment bank Goldman Sachs has revealed that its senior staff will be allowed to take as much holiday as they want. Under the bank's new "flexible vacation" plans, there will be no limit on paid leave.

Edinburgh-based private bank Hampden & Co has appointed Hannah Berridge as head of professional partnerships. Based in London, Ms Berridge reports to chief commercial officer, Andrew Bell.

Prices in the UK are rising at their fastest rate for 40 years, according to the latest figures published by the Office for National Statistics (ONS).