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HM Revenue & Customs may have paid out up to £3.5 billion in furlough money on fraudulent or mistaken claims, it was revealed on Monday.

Police have warned people across the UK to watch out for counterfeit banknotes thought to have originated in Scotland because they are marked "twenty poond".

A company that benefited from unlawful tax exemptions and was ordered to pay over £1 million to HM Revenue and Customs has lost an appeal challenging a payment order made to that effect.  John Gunn and Sons Ltd argued that they should only have to pay the amount which represented the

The Unicorn Preservation Society (UPS), which operates the HMS Unicorn in Dundee, has launched a £30,000 crowdfunding campaign.

Standard Life UK Smaller Companies Trust plc, a trust managed by Standard Life Aberdeen, has posted its annual results revealing its net asset value (NAV) total return was -0.5%, marking the second year in a row where the company has reported negative absolute returns.  The share price tot

Jim Galbraith, director of Scottish Friendly, and Sarah Deas, non-executive director of Bank of Scotland Foundation Wellbeing Economy Alliance (Scotland), have won top accolades at the IoD Scotland Director of the Year Awards. 

Peer-to-peer support and advisory organisation for business leaders, The Alternative Board, is to expand into Edinburgh – with former senior executive Andy Todd at the helm. Andy Todd is a former senior vice-president at Wood Mackenzie, the global research and analysis consultancy, and will le

Edinburgh-based Boxergy, Ember Core, Reath, and Topolytics have been selected to join Tech Nation’s Net Zero programme. The programme has been designed to support 30 of the UK’s most promising scale-ups that are contributing to the UK reaching its goal of net zero greenhouse ga

Loganair has announced the launch of new routes with tickets on sale for travel from the end of March until the end of August next year. Cornwall Airport Newquay will join the Loganair network with services to Glasgow, Edinburgh, Newcastle and Aberdeen, while Services between Gla

South of Scotland Enterprise’s board has announced up to £1 million financial support to the Langholm Initiative charity in its venture to purchase part of Langholm Moor from Buccleuch Estates. The Langholm Initiative is spearheading a campaign to raise enough funds to buy the land and b

The Scottish Government has launched its Green Investment Portfolio inviting investors to get behind more than £1 billion of low carbon, eco-friendly and recycling opportunities. The Green Investment Portfolio promotes market-ready projects that will help Scotland transition to a net-zero econ

The Competition and Markets Authority (CMA) has stopped Bank of Scotland owner Lloyds Banking Group from forcing small business customers to open paid-for business current accounts when taking out emergency coronavirus Bounce Back Loans.

Alison Bryce, partner at Dentons, writes about the uncertainty for the Scottish food and drink industry in the event of a no-deal Brexit. Over the last 47 years, the UK’s laws, regulations and processes have become inextricably linked with the European Union. There are a number of factors to c

A free programme developed by Highlands and Islands Enterprise (HIE) to help businesses accelerate their growth has opened for new applications, with a virtual taster session arranged for September 24. The Pathfinder Accelerator programme provides fast-track training and mentoring and will be delive

Giuseppe Fanara, a Sicilian mafia boss serving a life sentence for killing a police officer, has bitten off and swallowed the little finger of a guard he attacked at a prison in Rome.