News

HMRC failed to collect over £30 billion in 2021, according to new figures. Figures published by the tax authority revealed £32bn in tax went unpaid in the 2020-21 financial year. This marks 5.1% of the total that HMRC is owed.

Glasgow City Council has approved the roll-out of Covid Low-Income Gift Cards worth £105 to around 85,000 low-income households in the city.

As schools across Scotland finish for summer, new research reveals a ‘scot-cation’ boom, with more Scots than ever planning to stay on home soil for their holidays this year.

The Google employee who was fired for claiming that the company's AI had become sentient has now said it has hired a lawyer. Blake Lemoine was suspended after telling the media that the tech giant's new AI, LaMDA, had achieved a breakthrough in consciousness.

Dundee-based Hutchison Technologies has welcomed Kirsty Blair as its new director of finance. In this role, Ms Blair will be responsible for the financial stewardship and success of the company through the provision of proactive financial planning and advice.

More Scottish firms than ever are making the move to becoming owned by their staff, according to Douglas Roberts, a partner at law firm Lindsays. Lawyers at Lindsays have been involved in almost twice as many employee ownership deals across the country so far this year than they were in the whole of

Retail sales volumes fell by 0.5% in May 2022 following a rise of 0.4% in April, according to the latest figures published by the Office for National Statistics (ONS). However, sales volumes were 2.6% above their pre-coronavirus (COVID-19) February 2020 levels.

A new monitor is being launched by the Scottish Government to help inform policy decisions to reduce Scotland’s vulnerability to future financial and environmental shocks, helping build a more prosperous, resilient, equal and sustainable economy. The Wellbeing Economy Monitor will complement t

The UK Government’s trading plan to sell part of its shareholding in Royal Bank of Scotland owner NatWest has been extended for another 12 months. A trading plan involves selling shares in the market through an appointed broker in an orderly way at market prices over the duration of the plan.

New measures to stop rip-off agents taking advantage of people and pocketing their tax repayments have been proposed by HMRC. HMRC today launched a 12-week consultation “Raising standards in tax advice: Protecting customers claiming tax repayments” to consider ways to better protect taxp

Stirling-based Power Circle, a social enterprise that supports individuals, organisations, and communities to establish smart, local energy systems, has secured £120,000 from the Catalyst Fund. The investment will allow Power Circle to grow its team and respond to the increasing demand fo

The Financial Reporting Council (FRC) has today published comprehensive professional judgement guidance for auditors to improve how they exercise professional judgement. Professional judgement is key to high quality audit, however the FRC regularly identifies poor professional judgement as one of th

National paper recycling company Shredall SDS Group is on track to hit a 60% increase in business at their Scottish bases since the introduction of the single use plastic ban which came into effect in June 2022.

The Financial Conduct Authority (FCA) is using data to tackle online fraud faster by scanning approximately 100,000 websites created every day to identify those that appear to be scams. Where the FCA identifies fraudulent websites, it is proactive in requesting the website host shut them down, thoug

Aberdeen-headquartered finance advisory specialists Hutcheon Mearns is opening a dedicated service hub in Norwich, offering its full services to East Anglia in response to increased demand for its finance people advisory and business advisory specialisms in the region. The continued national growth