News

The Financial Conduct Authority (FCA) has confirmed updated guidance to firms setting out enhanced support that should be available to mortgage borrowers experiencing payment difficulties as a result of coronavirus. 

A man has become an instant millionaire after a rare meteorite crashed through his roof.

The Sainsbury's Group has said it has received "preliminary expressions of interest" from rivals interested in acquiring the Edinburgh-based Sainsbury's Bank. The bank was established as a joint venture between Sainsbury's and Bank of Scotland in 1997 but has been wholly-owned by Sainsbury's since 2

More than a dozen Bank of Scotland branches are set to close next year as part of a mass closure programme announced by Lloyds Banking Group. The closure of 56 branches of Lloyds, Halifax and Bank of Scotland across the UK was originally set to take place over the six months from April to October 20

Midlothian Council has been rated highly for its financial management and governance and transparency by external auditors EY.

A new court judgment suggests that HMRC will succeed in rejecting claims for business property relief (BPR) on holiday let businesses, Edinburgh-based Saffrey Champness LLP has said. The case, Executors of the Late Sheriff Graham Loudon Cox vs HMRC, concerned the executors’ claim for BPR regar

The global president of the Association of Chartered Certified Accountants (ACCA) has raised her voice in support of closer business links between Scotland and Asia. Ms Gu celebrated friendship across business communities at a webinar hosted by the Edinburgh-based Asia Scotland Institute, which was

A former Fife hotelier has pleaded guilty to evading £380,000 in VAT over a five-year period. Lesley Dykes, 66, appeared before Kirkcaldy Sheriff Court this week and pleaded guilty to an amended charge concerning her involvement in tax evasion totalling £380,000, The Courier reports.

Proposed restrictions on post-Brexit VAT refunds for goods purchased in Ireland by visitors from Great Britain are set to be relaxed in a bid to support Irish retailers. Legislation currently being considered by Irish legislators would have allowed visitors from Great Britain, after the UK becomes a

An MSP has called on the Scottish Government to introduce a windfall tax on businesses making "enormous profits from lockdown". Mark Ruskell, a Green MSP for Mid Scotland and Fife, told the Scottish Parliament's Covid committee this morning that a windfall tax on supermarkets and online retailers co

The owners of a once-derelict South Lanarkshire castle which was transformed into a five-star hotel and events destination have announced a large-scale expansion project. 

HM Revenue and Customs (HMRC) has issued a warning to Self Assessment customers about scammers purporting to be from HMRC. As the department issues thousands of SMS messages and emails as part of its annual Self Assessment tax return push ahead of the annual deadline on 31 January 2021, HMRC is warn

One of the world's largest banks has proposed a special tax on people who work from home.

Social Investment Scotland (SIS) has announced the appointment of Jill Arnold to head its new wholly-owned impact investment fund, thought to be Scotland's first impact investor. Ms Arnold, who previously held a senior role at RBS, will be the inaugural head of SIS Ventures.

Business advisory firm Begbies Traynor has been appointed as liquidator of the Mercure Aberdeen Ardoe House Hotel and Spa.