Mounting overheads, skills shortages and concerns about the economy punctured Scottish business confidence over the last three months according to new research conducted by the Federation of Small Businesses (FSB)
The way businesses file Value Added Tax (VAT) returns has now changed, as part of Making Tax Digital (MTD), now HMRC is urging businesses in Scotland to join over 1.7 million taxpayers who are already benefitting from MTD to make the change. From 1 April 2022, MTD for VAT became mandatory for all VA
The rise in the National Insurance threshold to £12,570 announced by the UK Government won't help lower-income households, despite some headline savings on contributions, according to Kevin Brown, savings specialist at Scottish Friendly. Mr Brown highlighted that average income households are
The Federation of Small Businesses (FSB) has appointed Stacey Dingwall as its new head of policy for Scotland. Ms Dingwall has joined business membership group from the Scottish Federation of Housing Associations (SFHA) where she was their senior policy manager.
The Bank of England (BoE) has raised interest rates again, from 1% to 1.25%, as it attempts to fight rising inflation. The bank’s Monetary Policy Committee (MPC) by a majority of 6-3, voted to increase the bank rate by 0.25 percentage points.
The Scottish Government worked collaboratively with local authorities and other key partners to direct significant public spending in unprecedented circumstances, according to a new Audit Scotland report.
Sir Jon Thompson, the chief executive of the Financial Reporting Council (FRC) has called the overhaul of the UK's audit regime a "missed opportunity" to improve internal controls in a proportionate UK-specific manner. Yesterday, the UK Government said that its revamp of the UK's corporate reporting
Amity Fish Company, a Peterhead fish firm that switched from wholesale to e-commerce landed the FSB Small Business of the Year 2022 award at a special ceremony that took place in Glasgow yesterday. The firm, led by Jimmy Buchan star of the BBC’s Trawlermen TV series, netted the overall prize a
The Federation of Small Businesses (FSB) is warning that banks “pulling up the drawbridge” to small firms will further stifle economic growth as its new Small Business Index (SBI) study shows successful finance applications plunging over the first quarter of this year. Fewer than one in
Half of all Scottish small businesses are opposed to the extension of the vaccine passport scheme with around a quarter of firms supportive of such a change, according to a snap poll of 500 operators from the Federation of Small Businesses (FSB). However, amongst hospitality and leisure businesses,
There is little of benefit to Scottish small businesses in the Autumn Budget and Spending Review 2021, the Federation of Small Businesses (FSB) has said. Chancellor Rishi Sunak today set out plans for £150 billion in additional spending across the UK, including £150m for Scottish busines