News

Ian McMonagle, chartered tax adviser who sits on the Scottish Committee of the Chartered Institute of Taxation, and taxation director at Russell & Russell, business advisers, warns opportunistic landlords of HMRC's interest in letting property to accommodate delegates at forthcoming COP26 in Gla

Trojan Energy, the clean energy company, has secured a late seed round investment of £2.2 million to roll out its unique, flat-and-flush on-street EV (electric vehicle) charging hubs and develop further commercial applications of its technology. The round was led by Scottish angel investors Eq

The family-run Lynnfield Hotel in Orkney has unveiled a modern extension comprising 10 new rooms, following a £400,000 funding package from Royal Bank of Scotland. Purchased in 2006 by Malcolm Stout and his partner Lorna Reid, the small country house style hotel on the outskirts of Kirkwall, n

Kingussie-based flooring and interiors business, Toncam, is reinvesting thousands of pounds back into the business after claiming research and development (R&D) tax credits through R&D tax specialist Access2Funding. A number of projects within the business were identified as being eligible f

Tesco Bank is planning to transfer 236 Glasgow-based jobs to Arrow Global after securing a deal to outsource its debt collection and recovery operations. The lender announced that all members of staff moving across under Transfer of Undertakings (Protection of Employment) regulations would be protec

A quarter (25%) of young people in Scotland say a lack of knowledge is a key barrier to home ownership, with two fifths (39%) unable to confidently explain how a mortgage works, according to the latest research from Bank of Scotland. The survey of over 2,100 18 to 34-year-olds living in Scotland, fo

A pilot scheme trialling shared bank branches in Essex and Cambuslang have been extended until 2023. The project, launched by the Access to Cash Action Group has seen lenders operate shared "bank hubs" in an attempt to preserve access to cash for older and more vulnerable people.

Scottish retailers are still waiting for a return to pre-pandemic trading as total retail sales in Scotland increased by 7.4% compared with July 2020 when they had decreased by 8.3% year-on-year.

New figures have highlighted the impact coronavirus has had on the economy and public spending in Scotland. The Government Expenditure and Revenue Scotland (GERS) 2020-21 statistics show record public spending of £99.2 billion, an increase of 21% on 2019-20. This increase reflects the scale of

More than 19.2 million digital devices were bought in the year to July 2021, marking the fastest-ever rise in technology adoption in the ten years that Deloitte has been surveying digital device ownership in the UK. According to new research from Deloitte’s forthcoming Digital Consumer Trends

A police officer who enjoys watching esports while off duty made an unexpected arrest after recognising a top gamer as a wanted criminal. The officer was spending his downtime playing popular multiplayer game League of Legends (LoL) in an internet café with friends in his city of Chongqing in

Accountancy firm Azets has hired Frazer Nicol to head up a new Corporate Tax Team within the firm’s fast-growing Aberdeen office. Mr Nicol joins Azets as a tax director from the Aberdeen office of Anderson Anderson & Brown LLP.

Former Rangers chief executive Charles Green said he expects to see criminal charges brought against the Lord Advocate, prosecutors and police over the malicious prosecution scandal. He said police were "corrupt" after he won more than £6 million from the Lord Advocate in settlement of his &po

The coronavirus pandemic prompted a wave of innovation as businesses pivoted their operations to survive, according to a Bank of Scotland survey. Almost half (48%) of Scottish businesses said the pandemic forced them to be more creative and innovative in finding new areas of growth.

UK businesses have voiced their support for a change to the end of the UK tax year, bringing it in line with most other countries in an attempt to simplify the accounting process for British firms with subsidiaries abroad. The UK tax year runs from April 6 while in the majority of other jurisdiction