News

The Financial Conduct Authority (FCA) has proposed a public censure for directors of collapsed contractor Carillion instead of a financial penalty, despite finding them to have been knowingly reckless in their reporting of the company’s performance.

The Financial Reporting Council (FRC) has today launched a consultation on the proposed revision of a practice note (PN) on the audit of housing associations in the United Kingdom.

An energy finance postgraduate student is beginning studies at the University of Dundee after winning a major Chinese scholarship. Yi Ou is completing a dual degree programme where the first year is spent at the Chinese University of Petroleum Beijing (CUPB) and the second year is at the University

The vast majority of people in Scotland want government action to support continued access to cash in the face of ATM and bank branch closures, according to new research. Financial consultancy Enryo has published the findings of a new survey, carried out by YouGov, which shows that 80 per cent of Sc

Stuart Clark, managing director of Russell & Russell Chartered Accountants in Glasgow, lists five things to consider if you might make the switch to electric vehicles (EVs) for your employees. The tax treatment of company-owned electric cars is not as simple as you would hope, but there are defi

Bribes paid to private individuals will no longer be tax-deductible in Switzerland under new rules coming into effect in 2022.

The Financial Reporting Council (FRC) has voiced renewed concerns about the financial market’s vulnerability to the failure of one of the Big Four audit firms that dominate the sector. The regulator said it had requested detailed information from Deloitte, KPMG, EY and PWC on their responses t

Stephen Bird, the new chief executive of Standard Life Aberdeen (SLA), has argued against full time home working amid a growing split in the City of London over the future of offices. Mr Bird said that office life is vital for generating new ideas and training the next generation of workers

Chris Sanger, EY’s head of tax policy, discusses the recent tax policy announcements made by HM Treasury. Despite the news from the Chancellor that the Autumn Budget has been postponed this year, it has not prevented HM Treasury from issuing today an Autumn set of tax announcements, to add to

RSM has called on Chancellor Rishi Sunak to urgently consider a 12-month delay to the introduction of HMRC’s preferential creditor status as it will both limit funding and restructuring options for Scottish businesses.  The audit, tax and consultancy firm believes that the change, due to

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a talk entitled ‘UK/US tax and succession issues for private clients’ on 1 December 2020 from 1pm to 2pm. The speakers will be Mark McKeown of Turcan Connell and Sarjul Patel of U.S. Tax &

Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300 million incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report. According to the newly published HMRC Annual Report and Accoun

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a talk entitled ‘Tax Issues on Importing and Exporting - post 1 January 2021’ on 27 November 2020 from 1pm to 2pm. The event was originally scheduled for 5 November. The speaker, Matthew

Business leaders in the UK have warned Chancellor Rishi Sunak that he risks demoralising entrepreneurs if he acts upon proposals to reform capital gains tax.

Family-owned Hamiton-based renewables firm The Banks Group is gearing up for growth with the appointment of six new members of staff. Clara Thompson joined Banks from housing firm, CALA Homes, as a land manager tasked with identifying new potential sites. Frazer Harrison, has moved over as an experi