News

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.

Murray Income Trust plc (MUT) has completed a merger making it one of the largest investment trusts in the UK equity income sector with gross assets of around £1.1 billion. Four-fifths of Perpetual Income & Growth Investment Trust plc (PLI) shares have been rolled over into the MUT, while

Aberdeen Standard Investments (ASI) has made two key appointments to its smaller companies team to help drive growth and support the team’s strong track record across UK, European and global strategies. Tzoulianna Leventi and Liam Patel have been appointed as investment analysts, creating an e

Film and TV production generated £5.6 million of inward investment for Fife and Tayside's economy in 2019-20, according to new figures. Around 100 productions that came to the region during the 12 months leading up to the Covid-19 lockdown, according to FifeScreen+TayScreen.

Aberdeen-based global payroll and tax compliance specialist activpayroll has donated a five-figure sum to four Scottish charities to support their work during the Covid-19 pandemic.

An arrest warrant has been issued for Africa's wealthiest preacher on charges of fraud and money laundering.