KPMG is targeting growth in its audit, forensic, technology risk and tax teams in Scotland with promotions at partner and director levels. David Derbyshire, previously audit director, has been promoted to partner.
A committee of MPs has blasted HM Revenue and Customs (HMRC) for "still failing UK taxpayers". The MPs accused HMRC of only answering half the phone calls to its customer care centre, and failing to carry out enough prosecutions.
Lord Justice Clerk, Lord Carloway A scheme involving payments to various trusts set up in respect of executives and footballers employed by the former Rangers Football Club amounted to “a mere redirection of emoluments or earnings” and was accordingly “subject to income tax”.
Statistics announced today by Scotland’s Chief Statistician in the latest Retail Sales Index for Scotland release covering the period July to October 2015, has shown that the volume of Retail Sales in Scotland increased by 1.0 per cent in the third quarter of 2015 and grew by 4.0 per cent annually
KPMG has taken over the running of Port of Ardersier Ltd, the owner of the former oil and gas industry fabrication yard at Ardersier, after the business was placed under administration. Port of Ardersier was granted full consent from the Scottish government in August last year to bring the site back
Aberdeen Asset Management, Standard Chartered’s second largest shareholder, has said it will back the bank’s $5.1billion (£3.2bn) rights issue. Shares in Standard Chartered fell sharply yesterday after the Asia-focused UK bank said it would raise $5.1bn (£3.3bn) and cut 15,000 jobs by 2018.
Growth in Scotland has begun to diverge quite markedly from the UK despite being boosted by public investment in infrastructure, according to the latest Economic Commentary from the University of Strathclyde’s Fraser of Allander Institute, sponsored by PwC. While domestic demand is clearly driving
The Chairman of the new incarnation of Glasgow-based football club Rangers has said the club is moving in the right direction despite announcing a loss of £7.5m for the year ending 30 June. Dave King said the latest results do not reflect the changes implemented since the consortium he led assumed
Perth-based investment firm Braveheart has posted a pre-tax loss of £1.04 million – 3.84p per share – for the half year to the end of September, up from a loss of £88,000 or 0.35p per share a year ago. The firm also revealed that revenue was down a third at £610,000 due to the Viking equity c
There were 361,345 private sector businesses operating in Scotland as at March 2015 - the highest figure since the time series began in 2000. According to Scotland’s Chief Statistician, between March 2014 and March 2015, the estimated number of businesses increased by 26,090 - representing a rise
Scottish businesses are predicted to face further financial pressures with commercial rents expected to rise further over the next 12 months, the Royal Institution of Chartered Surveyors (RICS) warned today. The RICS UK Commercial Market Survey, Q3 2015, reveals that businesses within the office and
There has been a sharp rise in the number of Scots who borrowed money to pay for food, housing or utility bills over the past six months, according to The Financial Well-being Survey produced by Debt Advisory Centre. More than half (57 per cent) of the Scottish consumers questioned said they were fo
Scots law firm Brodies LLP has expanded its top-ranked corporate & commercial team with the partner appointments of Douglas Crawford and Helen Machin, corporate finance lawyers prominent in the private equity market, and Karen Fountain, a funds specialist. Mr Crawford, one of Scotland’s best k