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The difference between the tax due and that collected by HMRC – known as the ‘tax gap’ – fell to a record low of 6 per cent in 2015 to 2016, official statistics have revealed today.

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From left: Graham Waddell, James Wilson and Russell Crichton Glasgow-based investment firm Speirs & Jeffrey has announced the appointment of James Wilson as deputy chief executive and as a director of the business.

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David Melhuish Latest official figures released by Revenue Scotland reveal a fall in revenue of Land and Building Transaction Tax (LBTT) for the first time since May, the Scottish Property Federation has found.

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Austin Lafferty The average selling price of two bedroom flats in Glasgow’s East End have increased by 19.4 per cent over the last three months, indicating that the area may be the latest first time buyer hot spot, according to GSPC’s latest quarterly report.

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Jeremy Woolf The European Union (Withdrawal) Bill fails to meet the Government’s objective that the same rules and laws will apply on the day after leaving the EU as on the day before, the Chartered Institute of Taxation (CIOT) has said. The Institute believes that this will lead to damaging uncer

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Brian Souter Brian Souter and Ann Gloag, the brother and sister duo who founded transport giant Stagecoach nearly 40 years ago, have liquidated the joint investment company they also ran together, ending the collaboration.

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Antonio Horta-Osario Lloyds Banking Group, which includes Edinburgh-based Bank of Scotland, has announced third quarter pre-tax profits of £1.95bn – a year-on-year increase of 141 per cent.

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Royal Bank of Scotland has sold its stake in settlement house Euroclear for €275m (£245m). The deal saw InterContinental Exchange (ICE), the owner of the New York Stock Exchange, snapping up RBS’s 4pc stake.

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The number of Scots entering insolvency solutions has held steady compared to a year ago, according to latest figures released by Accountant in Bankruptcy (AiB). Statistics show there were 2,472 total personal insolvencies, which include awards of bankruptcy and protected trust deeds, in the second

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