News

Hamilton man James McGee, a retired tax inspector who stole a dead man's identity to carry out a £170,000 VAT fraud, has been jailed for two and a half years. James McGee, 66, utilised his forty years of expertise to obtain false payments from HMRC.

Edinburgh-based IT group Stellar Omada has added 50 tech specialists to its team during the first quarter of 2022, while almost tripling year-on-year quarterly revenue and securing a number of new business wins and assignments. UK private bank Hampden & Co, NatWest, and Atos are among recent con

Kintore-based pipeline technology specialist STATS (UK) Ltd increased revenues to just under £50 million while EBITDA earnings rose to £7.8m from £6.5m, according to the firm's latest annual results. Revenues increased by £7.2m to £49.7m (up 17% from £42.5m) while

The Financial Reporting Council (FRC) has published its thematic review of discount rates.

A specialist police unit which targets the organised criminal gangs behind fraud prevented a record £101 million from being stolen in 2021, the highest amount in the unit’s 20-year history. The Dedicated Card and Payment Crime Unit (DCPCU) which is funded by the banking and finance indus

Most employers have skills shortages in their workforce or expect to have shortages in the next five years, according to new research conducted by PwC. Concerns around skills shortages were profound with 33% experiencing a current shortage in core business skills such as teamwork, leadership, relati

A couple in India are suing their son for failing to produce grandchildren after six years of marriage. Sanjeev and Sadhana Prasad, 61 and 57, say they expended their savings on their son – paying for his training as a pilot and a lavish wedding – yet he has not given them a grandchild.

New analysis from Grant Thornton UK's bi-annual recruitment sector report shows that deal activity in the recruitment sector for 2022 is off to a strong start with 23 deals completed in the first quarter of this year. This is compared to 18 deals completed in Q4 2021 and represents the sector’

The unemployment rate in Scotland has fallen to a record low of 2.7%, according to the latest figures published by the Office for National Statistics. All regions of the UK saw a decrease in the unemployment rate compared with the same period last year, with Northern Ireland also experiencing record

The interim fees and expenses for FRP Advisory, the administrators of Dawnfresh Seafoods Ltd, have been revealed by a new Companies House filing. The document has revealed the administrators are authorised to draw an interim fee of £739,078.25 plus value-added tax for their time between Februa

Edinburgh is to host a major exhibition of work by Scottish artists and designers whose livelihoods were negatively impacted by the Covid pandemic.

Vicki Bibby has been appointed as the new chief operating officer of Audit Scotland. Ms Bibby is an experienced leader in Scotland’s public sector and joins Audit Scotland from her current role as director of strategic planning and performance at Public Health Scotland, a post she has held thr

The UK Supreme Court has dismissed an appeal by a mail order company seeking repayment from HMRC of sums it claimed should have been regarded as recoverable VAT. Zipvit Ltd, which had mistakenly never been charged VAT for use of a special mail service provided by Royal Mail, argued that part of thei

Law firm MBM Commercial has appointed John Nimmo as a corporate partner in the firm’s Edinburgh office. Mr Nimmo, who founded the firm Rooney Nimmo, brings a wealth of expertise in corporate and international law. As a US qualified lawyer admitted in New York, he will also boost MBM Commercial

Andrew Croxford has been appointed as the thirty-third chairman of the Carnegie Dunfermline and Hero Fund Trust succeeding Fiona Robertson who has served as Chair for the last two years. Mr Croxford is a chartered accountant and senior partner at Dunfermline-based, Thomson Cooper Accountants and joi