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Aberdeenshire-headquartered services provider to the energy sector, AquaTerra Group, has revealed two developments that are expected to double its annual turnover to £14 million. These advances include the introduction of a bespoke non-destructive testing (NDT) reporting software and the estab

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VAT expert Iain Masterton has warned that escalating costs driven by inflation could jeopardise the survival of smaller businesses by pushing them over the current VAT threshold. As the head of VAT at accountancy and advisory firm CT, Mr Masterton raises concern over the additional VAT bur

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Tech-enabled business critical services group, AAB, has made key shifts in its leadership team following a period of strong growth. The reshuffle sees Malachy McLernon, corporate tax partner, appointed as head of corporate and indirect tax, succeeding Neil Dinnes who transitions into the newly minte

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The HM Revenue and Customs (HMRC) has reported that the UK tax gap remains steady at 4.8% for the second consecutive year, indicating the difference between the total expected and actual tax paid. In monetary terms, the gap increased from £31 billion in the 2020-2021 tax year to £36bn in

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Two lawyers and a law firm who cited fake court cases generated by ChatGPT have been fined $5,000 (£3,900). Judge P. Kevin Castel, in Manhattan, said there was nothing "inherently improper" about using AI to help write a legal filing, but lawyers have a responsibility to ensure their accuracy.

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Auction House – operating as Auction House Scotland in Scotland – has experienced its most successful May in the 16-year history of the group. May 2023 set new records, with the auction house offering 707 lots and successfully selling 76% (537) of them. The sales generated a record-

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