ScottishNews.com

Finance

Financial and related professional services account for 10% of Scotland’s economy

Published 3 weeks ago

Scotland’s financial and related professional services sector is a key engine of growth, employing 149,000 people and contributing 10% to the national economy in 2022, according to TheCityUK.

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Think Tank suggests tax reforms to raise £20bn and improve fairness

Published 3 weeks ago

Reforms to Inheritance Tax (IHT), Capital Gains Tax (CGT) and employer National Insurance (NI) could raise over £20 billion a year, and still pass a ‘triple tax test’ of improving tax efficiency, ensuring that tax rises fall on those with the broadest shoulders and not break Labour’s manifesto commitments, according to new Resolution Foundation research.

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Inheritance tax: gross division & net proportionality in estates with exempt and non-exempt shares - an ETN & CIOT Seminar

Published 3 weeks ago

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will present a seminar entitled ‘Gross Division & Net Proportionality in Estates – re Ratcliffe & re Benham revisited’ at the Mackenzie Building, Old Assembly Close, Edinburgh on Thursday 26 September 2024.

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Banker who stole thousands from dementia-stricken pensioner jailed for 13 months

Published 3 weeks ago

A senior banker who stole almost £18,000 from the accounts of an elderly, dementia-stricken customer has been imprisoned for 13 months.

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Employers eye reform impact as pay rises in Scotland

Published 3 weeks ago

The Scottish labour market continues to demonstrate strength, with employment rates rising and unemployment falling in the May to July 2024 quarter, according to recent figures.

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FCA files first criminal charges for illegal crypto ATMs

Published 3 weeks ago

The Financial Conduct Authority (FCA) has charged Mr Olumide Osunkoya, who is 45 and resides in London, for unlawfully running multiple crypto ATMs without FCA registration.

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Maven exits CBT investment with 2.85x return

Published 3 weeks ago

Private equity firm Maven Capital Partners has exited its investment in CB Technology (CBT), a specialist electronics contract manufacturer (ECM), following its acquisition by Northern Ireland-based Elite Electronic Systems.

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RBS: Scottish economy maintains momentum, but manufacturing struggles

Published 3 weeks ago

Scotland’s private sector maintained its growth trajectory in August, according to the latest Regional Growth Tracker data from RBS.

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Former banker who stole thousands from dementia-stricken pensioner is jailed for 13 months

Published 3 weeks ago

A senior banker who stole almost £18,000 from the accounts of an elderly, dementia-stricken customer has been imprisoned for 13 months.

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ICAS unveils new approach to training accountants at first national student induction day

Published 3 weeks ago

The Institute of Chartered Accountants of Scotland (ICAS) has made history by hosting over 400 accounting students from throughout the UK at its inaugural national induction day at the Edinburgh International Conference Centre.

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Azets Scotland invests in future talent with 60 new recruits

Published 3 weeks ago

Azets has bolstered its UK workforce with the addition of 333 graduates and school leavers, 60 of whom are based in Scotland.

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Report: HMRC failing to tackle rising tax evasion in retail sector

Published 3 weeks ago

The UK is losing billions of pounds a year in revenue due to tax evasion among small businesses, which can easily exploit weaknesses in government systems, according to a new National Audit Office (NAO) report on tax evasion in retail.

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SMEs in Scotland have three months left to register with business banking complaint scheme

Published 3 weeks ago

SMEs in Scotland have three months left to register a business banking complaint with the Business Banking Resolution Service (BBRS), which is set to close to new registrations on 13 December.

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Wbg: Brace for CGT hike in upcoming budget

Published 3 weeks ago

Scottish accountancy firm Wbg has urged entrepreneurs to prepare for potential capital tax hikes in Chancellor Rachel Reeves’ upcoming budget on 30 October.

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PwC: Edinburgh and Glasgow rise in economic wellbeing rankings

Published 3 weeks ago

Two major Scottish cities have improved their performance in PwC’s Good Growth for Cities Index.

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