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The UK technically dodged a recession at the end of 2022, however the outlook is bleak as growth is expected to remain close to zero during 2023, new figures from the Office for National Statistics (ONS) show. In December, GDP fell 0.5% following growth of 0.1% in November which resulting in GD

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Last year 35,158 new companies were registered in Scotland, a record high according to Inform Direct's Review of Company Formations. The figure represented a 3% increase on the previous year's formations bringing the total number of registered companies in Scotland at the end of 2022 to 280,990. Dur

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The Chartered Institute of Taxation (CIOT) has urged the government to review “unfair” repayment interest rates, with taxpayers facing late payment bills from HMRC up to 17 times higher than what is returned to those who have overpaid. HMRC generally charges interest on late payment at t

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PwC’s annual pantomime will head to Glasgow later this week for its 36th production, ‘Babes in the Wood’. The show, which will be hosted at The Theatre Royal for three nights, comes to the city following a successful week-long run in London’s West End.

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Tech and analytics consulting firm Optima Partners has announced it’s on course to double its headcount to over 100 in the next 12 months. The Edinburgh-headquartered firm secured a £2.3 million investment from capital investor BGF, and appointed new non-executive directors, Karen Thomas

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The Wee House Group has appointed Richard Reid and Emma Robertson as (acting) chief executive officer and chief financial officer, respectively. Jennifer Higgins, current CEO of the group will take a step back at the end of this month when her maternity leave begins.

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Ahead of this afternoon’s vote to set Scottish Income Tax rates for 2023/24, the Chartered Institute of Taxation (CIOT) has published the results of a new poll suggesting growing confusion over how taxes are decided in Scotland. The CIOT has also published a tax table showing the differences i

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