News



Make online retailers pay more tax to help out the post-pandemic high street, says MCC Accountants

Online retailers who’ve enjoyed a “boomtime” through the COVID-19 pandemic should be forced to pay more taxes to help out those who have suffered, according to Glasgow-based MCC Accountants.

Published 24 February 2021

Alba Bank launches series A funding round

Scottish challenger Alba Bank backed by industrialist Jim Mccoll has launched a £5 million series A funding round.

Published 24 February 2021

HMRC opens online service or VAT deferral payment scheme

HMRC has annoucned that over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay it in smaller monthly instalments.

Published 24 February 2021

Standard Life Aberdeen to sell Standard life brand to Phoenix Group

Standard Life Aberdeen (SLA) has announced it is selling its Standard Life brand to Phoenix Group this year as part of a complex deal.

Published 24 February 2021

Lloyds Bank resumes dividend despite 72% drop in profits

Bank of Scotland owner Lloyds Banking Group has resumed dividend payments despite reporting a 72% drop in profits.

Published 24 February 2021

NatWest Group issues €1bn inaugural affordable housing social bond

NatWest Group has issued a €1 billion affordable housing social bond, the first of its kind by a UK bank.

Published 24 February 2021

FCA to return funds to victims of unauthorised deposit taking and collective investment schemes

The Financial Conduct Authority (FCA) has obtained High Court Approval to return £3.42 million to compensate victims of a series of unauthorised deposit taking and collective investment schemes.

Published 24 February 2021

Number of women on FTSE boards up by 50% in five years

The number of women on FTSE boards has increased by 50% in the last five years, according to the newly released Hampton-Alexander Review.

Published 24 February 2021

HSBC to downsize office space by 40%

HSBC is set to cut its office space by nearly half over the next few years in anticipation of the long-term workplace changes caused by the COVID-19 pandemic.

Published 24 February 2021

Chartered Institute of Taxation looks ahead to Scottish tax vote

Ahead of the Scottish Government's vote to agree rates and bands of Scottish Income Tax for the 2021/22 tax year, the Chartered Institute of Taxation (CIOT) has outlined what the changes are likely to mean for Scottish taxpayers.

Published 24 February 2021

PwC UK predicts global insurance run-off liabilities to reach $864bn

PwC UK has predicted that global insurance run-off liabilities will reach $864 billion in 2021.

Published 24 February 2021

Uptick in profits for Harper Macleod in last financial year

Harper Macleod recorded a small increase in profits in its last financial year, despite the onset of the pandemic in the final weeks of trading.

Published 24 February 2021

Apropos: Scotland must follow suit in extending stamp duty holiday

Scotland must follow suit and match Chancellor Rishi Sunak in extending the stamp duty holiday beyond March according to property firm Apropos.

Published 24 February 2021

Greenshoots: Orbex commissions largest industrial 3D printer in Europe for rocket building

Forres-based space launch firm Orbex has commissioned AMCM to build the largest industrial 3D printer in Europe, allowing the innovative UK-based space launch company to rapidly print complex rocket engines in-house.

Published 24 February 2021

Scotland's GDP fell 0.3% in December

Scotland’s GDP is provisionally estimated to have fallen by 0.3% in December, according to the latest figures released by Scotland's chief statistician.

Published 24 February 2021