News

Not a single company has been prosecuted by HMRC under corporate tax evasion powers introduced five years ago. An offence for companies failing to stop those associated with the business from enabling tax evasion came into force in September 2017 under the Criminal Finances Act.

ASC Finance for Business, a national broker franchise network, has expanded with two new Scottish offices in Edinburgh and Perth. The offices are fully open and will be run by new director Steven Downie, who has taken over the office from Alison Hunter, who has been managing the firm's Scottish oper

Scottish commercial property enjoyed its best first half of the year for investment volumes since 2018 as the market continued its recovery from the Covid-19 pandemic, according to new analysis from Knight Frank. The independent commercial property consultancy found that £1.2 billion of commer

NatWest has decided to launch additional support for customers, colleagues and communities to assist with the rising cost of living.

As the quarterly confidence index falls to level not seen outside pandemic-induced restrictions, the Federation of Small Businesses (FSB) has urged leadership candidates to show pro-enterprise credentials. Surging operating costs, a high tax burden and struggles to fill vacancies are threatening the

About one in eight of the 1.5 million small businesses in the UK who were encouraged to take out loans under the COVID-19 Bounce Back Loan Scheme have fallen into arrears on their repayments.

More than 33,600 customers have successfully used the HMRC app to renew their tax credits claim so far this year, a 39% increase on last year.   HM Revenue and Customs (HMRC) is encouraging more customers to use the app, ahead of the 31st July deadline, as it is a quick and easy way to get

A derelict brownfield site in the west of Edinburgh is to be transformed into a multi-purpose country park and leisure facility with £26 million backing from the Scottish National Investment Bank (SNIB) The Wavegarden Scotland redevelopment of the disused Craigpark Quarry near Ratho will see t

Representatives from Prestwick Spaceport are set to meet with stakeholders from across the global space industry, commerce, academia and government at this week’s Farnborough International Airshow, to accelerate plans to become Europe’s premier space launch location. Prestwick Spaceport

Clydesdale Bank owner Virgin Money has  partnered with Superscript, the insurtech scale-up, to provide its business banking customers with customisable, flexible, subscription-based business insurance.

Finance minister Kate Forbes has joined her counterparts in Wales and Northern Ireland to call for further action to help households and businesses ahead of another increase in energy prices. In a joint letter to the new Chancellor of the Exchequer Nadhim Zahawi, ministers say the focus should be on

The Executive Counsel of the Financial Reporting Council (FRC) has fined Grant Thornton UK a total of £520,000 in relation to its statutory audits of the financial statements of Sports Direct International (SDI) for the financial years ended 24 April 2016 and 29 April 2018. Sanctions have also

Begbies Traynor have been appointed liquidators of a Broughty Ferry cafe after it was forced to cease trading last month. The cafe, Jessie's Kitchen, surprised customers after it announced on it's Facebook page that it had suddenly decided to close down. The business had accumulated "significant" de

ReviveEco, a food waste management company founded by University of Strathclyde alumni, has smashed its crowdfunding target, raising £240,000. The company embarked on the exercise through crowdcube, with the aim of raising £150,000 in three weeks. THe firm it reached this target within f

Real estate advisor CBRE has released its latest figures on the Aberdeen office market during the second quarter of 2022 revealing the city has the strongest Q2 performance for office take-up since the start of the Covid-19 pandemic.