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The Scottish business community has largely welcomed Chancellor Rishi Sunak's 'Budget for recovery' which extended the furlough scheme, froze income tax rates for five years and increased corporation tax to 25%. The Chancellor announced that the increase in corporation tax would not take effect

Vishal Chopra, KPMG’s head of tax in Scotland, has predicted the outcomes of the upcoming UK Budget. Mr Chopra said as well as addressing current levels of unemployment, GDP, and the budget deficit, the Chancellor is likely to have one eye on the levelling up agenda, ensuring that the City of

KPMG has revamped its governance structure after losing its chairman and senior partner Bill Michael after it was alleged that he made controversial comments during a video conference earlier this month.  The Big Four firm announced it will split the roles of UK chairman and chief executive tha

KPMG is close to selling its restructuring arm to private equity firm HIG Europe as part of a deal that could see a former head of Deloitte run the newly separated business. HIG Europe is in exclusive talks to buy the Big Four firm's restructuring operation for about £400 million.

The number of women on FTSE boards has increased by 50% in the last five years, according to the newly released Hampton-Alexander Review.

Scottish retail sales slumped further in January towards the depths last seen during the previous nationwide lockdown in spring last year, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor. Total sales in Scotland decreased by 27.9% compared with January

Bill Michael, the chairman of KPMG UK, has stepped down while the firm investigates “alleged comments” he is said to have made during an online meeting with staff. Yesterday, Scottish Financial News reported that Mr Michael apologised after receiving backlash for allegedly telling s

Scotland’s scale-up – or fast-growth - businesses finished 2020 on a buoyant, optimistic note, with almost £100 million in Venture Capital (VC) investment, according to the latest figures from KPMG. Despite COVID related restrictions hitting the economy hard, the latest KPMG Ventur

Bill Michael, the chairman of KPMG UK, has apologised after receiving public backlash for telling staff to "stop moaning" about working conditions during the coronavirus pandemic. In a virtual meeting with his team, Mr Michael was told about concerns over potential pay, pension and bonus cuts, the F

Scotland’s private equity deal activity struggled in 2020 as uncertainty and public health restrictions dampened investor appetite north of the border, according to the latest data from KPMG. The data reveals there were just 23 mid-market transactions involving private equity investors in Scot

KPMG UK has published its annual results for the financial year ended 30 September 2020 reporting a resilient performance, despite COVID-19 challenges. Despite the pandemic’s impact on seven months of the firm’s financial year, revenue decreased by just 4% from £2.4 billion to

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

RSM and KPMG's heads of tax in Scotland have issued predictions for the upcoming Scottish budget with the two anticipating a focus on recovery after COVID-19.  Shirley McIntosh, RSM’s head of tax in Scotland, said the budget should be a 'war chest statement' ahead of the May election.

The number of corporate insolvencies in Scotland fell below 2019 levels last year as the array of government COVID-19 support measures continued to provide a lifeline for those businesses who have been adversely affected by the pandemic, according to new figures released by KPMG. Analysis by KPMG&rs

Retail sales in Scotland took a significant turn for the worse in the final month of 2020, falling further into decline with 16.6% on a total basis, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.