Insight

The R3 in Scotland Committee’s 2025 Half-Day Forum, held at the Royal College of Physicians and Surgeons of Glasgow last Wednesday, reminded everyone why this was a must attend event in Scotland’s insolvency and restructuring calendar, writes Ahsan Mustafa. The morning struck just the ri

When Chancellor Rachel Reeves delivers her Autumn Budget later this month, her primary focus will be on how to deliver on her pre-election promise of growing the UK’s economy, writes Jak Henderson. While much of the recent discussion has revolved around speculation as to whether she will break

Ahsan Mustafa discusses the key reforms introduced by The Charities Accounts (Scotland) Amendment Regulations 2025, including modernised accounting thresholds, new safety dispensations for security risks, and alignment with UK reporting standards. The Scottish Government has introduced a major refor

Ahsan Mustafa looks at the impact the Diligence against Earnings (Variation) (Scotland) Regulations 2024 has had since its introduction, exploring the new protected earnings levels, the economic context driving the reform, and the practical implications for employers and creditors. Seven months have

Gemma Monaghan, head of R&D tax at Azets, cautions Scottish construction firms to understand new legislation governing 'contracted out' research and development, as HMRC intensifies scrutiny of claims and contractual language. The contracted-out legislation update has been welcomed as a sensible

Ross Stupart, regional managing partner for RSM Scotland, gives his view on what impact the UK budget could have on Scotland. With the UK budget fast approaching, the persistent deficit, underwhelming economic growth forecasts and a manifesto pledge not to raise taxes for working people, Rachel Reev

Ben Finnie of Gilson Gray explains why property tax reforms south of the border matter for Scotland, and what they could mean for buyers, sellers, and investors here. The ongoing debate over property tax reform in England and Wales continues to make headlines. With talk of major changes – from

Recent press articles are heightening speculation around the potential introduction of a National Insurance levy on partnership profits. Professional services firms may therefore be facing a pivotal moment, Louise Cupples writes. A thinktank proposal suggests a 6.9% tax on partnership profits - aime

Kathleen Stewart, who recently returned from Innovation Week in Prague, explores the application of artificial intelligence (AI) to drive innovation and support Scotland's rural and island economies. We recently led a delegation of ambitious businesses from across the Highlands and Islands to Innova

Don Macleod critiques the Land Reform (Scotland) Bill. Lawyers choose their words carefully, and my title is no exception. Nor is the reason I consider the bill to be junk, and that reason is because the proposed law around large land holdings (so called) is an appalling mess that deserves no place

A recent fine imposed by the Office for Financial Sanctions Implementation (OFSI) underscores the importance of businesses reporting sanctions non-compliance promptly, and that failure to do so may be costly, writes financial crime and compliance specialist Stacy Keen. The regulator recently issued

In 2020, PPE Medpro entered into a lucrative contract with the Department of Health and Social Care (DHSC) to supply 25 million sterile surgical gowns and other personal protective equipment. The company gained widespread recognition for its association with Michelle Mone and her husband, write Pame

With the UK government’s consultation on mandating major companies and financial services firms to develop and implement climate transition plans now closed, the spotlight is turning not just on corporate strategy, but on their legal responsibilities. By 2023, more than 70% of FTSE 100 compani

With a projected £50 billion shortfall in public finances and a pledge not to raise income tax, national insurance or VAT, speculation is mounting that Chancellor Rachel Reeves may turn again to Inheritance Tax (IHT) reform when she makes her autumn budget statement on 26 November, writes Emma

Scotland’s charity sector is in a fragile state. Financial strain is widespread, future funding uncertain, and services and roles are at risk, writes Emma Marshall. Research from the third sector in Scotland, stark admissions from those at the helm – and anecdotes from our own clients &n