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HMRC has come under fire over accusations of overlooking widespread tax evasion by Chinese "burner" companies operating on online marketplaces like Amazon, eBay, and Temu. These companies have been said to exploit lax UK registration rules to avoid paying VAT and import taxes, costing the Treasury m

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FirstGroup plc has signed an agreement to acquire RATP Dev Transit London Limited and its subsidiaries from RATP Développement SA for an enterprise value of £90 million. The acquisition will see the Scottish transportation firm enter the London bus market with a strong position and will

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Bruce Cartwright CA, CEO of the Institute of Chartered Accountants of Scotland (ICAS), has been appointed as new chair of the Global Accounting Alliance (GAA). Mr Cartwright succeeds former chair Barry Melancon, who is retiring at the end of 2024, and will officially take up the role from January 20

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A judge has blocked a bid by satirical news website The Onion to buy far-right media platform Infowars. Conspiracy theorist Alex Jones was forced to give up the platform he founded in 1999 after declaring bankruptcy shortly after a court ordered him to pay $1.5 billion to the families of victim

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Glasgow-based start-up Clyde Hydrogen Systems has achieved a critical technical breakthrough in its decoupled electrolysis process alongside launching its latest £5 million funding round designed to speed up the commercialisation of its innovative technology.  Backed by pre-seed funding f

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