News

Lawyers at Lindsays are warning kind-hearted parents are that their festive generosity could prove costly for their children - leaving them with hefty tax bills. Presents of cash, a car or money for a holiday come with potential pitfalls that many people simply do not realise, according to the firm.

Ian McMonagle, tax specialist at Russell & Russell Business Advisers based in Glasgow, discusses why UK citizens living in Europe must act now to sort their tax affairs following changes in EU residency regulations. In an interconnected age, with ease and convenience of travel, many UK citizens

Nearly a third of Scottish employees (29%) report that they have a greater appreciation for their colleagues than they did before COVID-19, according to a new study from Royal Bank of Scotland.

Vector Capital plc, a commercial lending group that offers loans to businesses in the UK, has announced its intention to seek admission to the AIM market of the London Stock Exchange. The company has also announced a conditional placing of 8,052,895 new Ordinary Shares, at a price of 38 pence per sh

UK car production declined by a further 1.4% in November to 106,243 units, according to the latest figures issued today by the Society of Motor Manufacturers and Traders (SMMT).

The UK's budget deficit rose to £31.6 billion in November, the third-largest monthly budget deficit on record and the highest since May, according to the latest figures from the Office for National Statistics (ONS).

Legal aid solicitors will benefit from a 10% uplift in legal aid fees and have access to a £9 million fund to help those experiencing hardship as a result of COVID-19. Following meetings with the Law Society of Scotland, the Justice Secretary Humza Yousaf confirmed a package of further support

The Financial Reporting Council (FRC) has announced Amendments to UK and Republic of Ireland accounting standards – UK exit from the European Union. The amendments update UK and Republic of Ireland accounting standards for changes in legislation following the UK’s exit from the European

China is set to fine diners who fail to finish their meal in a restaurant under a new law being introduced to reduce food waste.

Shepherd and Wedderburn’s banking and finance team has reported a busy 12 months, supporting clients with a mix of strong deal volumes and advisory work, despite the ongoing challenges presented by the COVID-19 pandemic. In the year to 31 October 2020, the team advised clients, including banks

NatWest Group has announced that it has entered into an agreement with Metro Bank to acquire a £3.0 billion portfolio of prime UK mortgages. The portfolio consists of owner occupied residential mortgages with a weighted average current loan to value of c.60%.

Catherine Burnet, KPMG’s regional chair for Scotland, looks back at the challenges Scotland’s faced in the last year, and what lies ahead. In January 2020, none of us could have anticipated the overwhelming scale of economic and societal challenge that COVID-19 would create – it go

UK ministers have distributed contracts of up to £288 million to consultants at Big Four accountancy firms KPMG and EY to train thousands of civil servants over the next four years. Both firms will design and deliver courses in everything from project management and leadership to training on M

Scotland’s largest bid and tender specialists, AM Bid, is celebrating a prestigious double for managing director David Gray. The Association of Proposal Management Professionals (APMP) UK has recognised David as one of the profession’s top leaders with the 2020 APMP UK Outstanding Leader

Allan Murray Architects (AMA) has entered into an employee ownership trust (EOT) with its staff as the beneficiaries. The firm is behind many of Scotland’s most impressive new buildings and masterplans and has arguably played a bigger role in Edinburgh’s recent architectural renaissance