News

US authorities have refused a tax re-claim from a former Manchester United Owner, on a bill arising from £17.4 million winnings from a 72 hour backgammon game. JP McManus claimed that paying a small amount of ‘domicile levy’ in Ireland exempts him from $5.2m of tax taken by US authorities, The

Peter Vardy Peter Vardy Group, the fast-growing Scotland-wide automotive retail business, celebrates its tenth birthday this year and is set to transfer over £5 million of ownership to its 800 colleagues as part of its Partnership Share Scheme.

RBS is to face another major legal action over the alleged mis-selling of interest rate swaps at a time when bosses are said to have known of Libor-rigging. The state-owned bank denies the accusations made by Stuart Wall, head of student accommodation company Opal Property, until it collapsed in 201

The amount of cash raised by Scottish businesses from crowdfunding has rapidly increased, according to a new report by Glasgow Chamber of Commerce. Firms were estimated to have received more than £27 million in the 12 months to September 2015.

Venerable Edinburgh wealth manager Baillie Gifford has extended its Far East offering with the launch of a Japanese equity income fund. Managed by Matthew Brett, Baillie Gifford Japanese Income will seek out quality Japanese businesses that promise dividend increases alongside long-term share price

James Strang A new Tax Associate Director has been appointed at the Scottish firm of Grant Thornton, as the financial and business adviser implements its growth strategy in Scotland.

Chief Executive Martin Darroch Law firm Harper Macleod has been appointed as principal external legal advisers to Accountant in Bankruptcy (AiB), Scotland’s insolvency service, for the next four years.

Scottish kids have the second highest pocket money in the UK – with an average of £7.06 per week paid to youngsters north of the border. Scottish children’s pocket money levels are only topped by children in London, who receive on average around £8.21 per week, according to the annual Halifax

Colin Bennett from LDC (left) and Andy Kerr, managing director of CMS Window Systems Window and door manufacturer CMS Window Systems has secured investment from mid-market private equity firm LDC to support the firm’s ambitious growth plans.

A man who won around £60,000 by cheating in a game of poker has been jailed for four months. Russian gambler Valeriy Mikhaylets, 57, was arrested after his win at the Palm Beach casino in London in 2014.

The Bank of England and the Bank of Scotland both followed the lead of the Clydesdale yesterday by issuing new polymer £5 notes. The notes are the latest marks move away from the traditional paper notes that have been used by Britons for more than 300 years.

Jim Pettigrew Scottish Financial Enterprise (SFE) has announced the appointment of Jim Pettigrew as Chairman.

The number of outstanding mortgages extended under interest-only terms has fallen by almost one third over the past four years, research from the Council of Mortgage Lenders (CML) has revealed. The number of outstanding interest-only loans dropped from around 3.2m in 2012, to 2.2m last year – a de