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Finance secretary Kate Forbes did not announce any changes to income tax rates and bands in the coming year after she set out the Scottish Government's budget plans yesterday. Ms Forbes said that in light of the current coronavirus pandemic, it is vital that the Scottish Government continues to supp

The online tax return deadline looms at the end of January, and according to new research from EY TaxChat, up to a fifth of self-employed UK workers surveyed may not yet have completed their return.

Competition for investment is set to intensify after the London Stock Exchange (LSE) closed last year with a flourish of activity, which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye. After a subdued first half in 2020, in Q3 we saw the re-emergence of IPO a

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

The impact of the coronavirus pandemic on the global economy has shifted investor priorities and is expected to have a significant impact on UK Financial Services Firms’ investment plans over the coming year, according to EY’s latest UK Attractiveness analysis for financial services.

Scotland has "more than a solid base" for a future foreign direct investment (FDI) strategy, EY Scotland has said following the publication of a new survey. The proportion of overseas companies planning to invest in the UK in the next 12 months has fallen to 25% from a ten-year high of 31% in April,

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

Relocating out of other UK locations, such as London and the South East, is the leading reason for investment in Scotland’s financial services sector, according to a first of its kind market report by EY. The prominence of Scotland within the UK financial services network is apparent, with 29%

Audit fees at the Big Four accountancy firms Deloitte, PwC, EY and KPMG increased by 6.9% last year as they increased their charges to account for tougher regulations introduced by the regulator.  The Financial Reporting Council’s (FRC) 2020 Key Facts and Trends in the Accountan

Scottish listed companies recorded the smallest increase in profit warnings across the UK during the first three-quarters of 2020, according to new analysis from EY. The number of profit warnings in the first nine months of 2020 from companies headquartered in Scotland increased by 6%, the smallest

With less than 100 days to go before the UK leaves the EU, there are still an alarming number of businesses which simply don’t have a grasp of the risks they face of not being prepared for Brexit, according to a new poll by EY. According to EY, only one in nine businesses have a good understan

After a quiet second quarter, there has been a resumption of Initial Public Offering (IPO) activity as both the Main Market and AIM have adapted to operating in a predominantly virtual environment as a result of COVID-19, according to EY’s latest market tracker IPO Eye. Following a quiet secon

EY has strengthened its leadership in Scotland with three internal partner promotions, as Julie Cavin and Nicola McIntyre, both in the audit service line and Iain Wintour in tax bring the partner total in Scotland to 33. Ms Cavin and Ms McIntyre's promotions have also brought the numb

America's largest bank, JP Morgan, is transferring around €200 billion (£184 billion) from the UK to Germany as it prepares for Brexit. According to Bloomberg, the transfer of assets will make the bank one of the largest in Germany based on the size of its balance sheet. The transfer of a

Six entrepreneurs from five Scottish businesses have made the shortlist as finalists competing for the prestigious EY Entrepreneur of the Year UK Award. The five Scottish businesses are among 25 selected as finalists across the UK.