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Sporting testimonials offer a welcome chance to recognise and reward longstanding players but organisers may not realise that such events may incur tax liabilities, according to the accountants and business advisers BDO. HM Revenue & Customs (HMRC) stated in an update to their business manual in

The Royal Bank of Scotland is facing a massive $13 billion (£8.3bn) penalty after the US government demanded the cash to settle claims that the Edinburgh-based lender deceived purchasers of mortgage-backed securities (MBS) prior to its £45 billion taxpayer bailout. The UK taxpayer still owns 79pc

Finance chiefs today called for a more progressive property tax system in Scotland to improve local accountability and proposed an end to the council tax freeze. The Chartered Institute of Public Finance and Accountancy (CIPFA) and the CIPFA Directors of Finance Section said that local tax should be

The UK Government has sold off another tranche of shares in bailed-out Lloyds Banking Group, taking the taxpayers’ stake in the Edinburgh-based lender below 16 per cent. The latest sale was of a one per cent stake for around £500 million, The Treasury said.

David Frost For the first time in an African country, Scotch Whisky has been recognised as a ‘geographical indication’ meaning the description can only be used on whisky produced in Scotland in accordance with UK law.

John Swinney Employee ownership can be the key to unlocking innovation in companies, according to a cross-sector group of influential Scottish business leaders.

A new Perth and Kinross Credit Union (PKCU) service in Blairgowrie will be officially opened today by deputy first minister and MSP for Perthshire North John Swinney. PKCU was launched in April 2014 and offers a range of ethical lending and saving services for anyone who lives or works in Perth and

Anne Begg Perthshire has enjoyed positive trends in the local property market in the first half of 2015, with sales up on last year, according to the region's largest agent.

Latest data has revealed current accounts have this year overtaken mortgages as the number one target for Britain's financial fraudsters. According to monitoring company Experian, 0.89 per cent of applications for UK current accounts came from criminals during the first quarter of 2015.

Grace Whitley and Phil Anderson. Aberdeen-based accountants Phil Anderson Financial Services has announced that it is to sponsor the prestigious UK-wide Whitehall Invitation Pairs bowling club competition.

Brian Ashcroft One of Scotland’s leading economists has described as a “red herring” claims made by the SNP that “full fiscal autonomy” can deliver such growth that the process would require neither tax rises nor spending cuts.

New research from Clydesdale Bank has revealed that optimism in the property market has slowed down, with fewer homeowners anticipating an increase in the value of their home over the next 12 months. According to the Glasgow-based lender, just less than half (49 per cent) believe their home will inc

Shares in Scottish companies listed on the Alternative Investment Market (AIM) rose by 10.31 per cent in the second quarter of 2015 according to analysis by accountants BDO. The rise was the largest among comparable markets with the FTSE AIM UK 50 rising 9.06 per cent; the FTSE AIM all share index u

Edinburgh-based Lloyds Banking Group has announced plans to shed more than 600 jobs as part of a radical restructure programme at the still partially state-owned bank. The lender said the latest phase of the restructure will see a net reduction of its workforce of 635.

Aberdeen City Council has improved how it is run in recent years and has plans for further changes but a great deal more work is needed to deliver these, according to the Accounts Commission. A new report out today examines progress at the council following changes in management structures and polit