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Wednesday, March 16th, 2016

 

Digital Technology Awards

Scotland’s digital award entries up by half

Polly Purvis

  ScotlandIS, the trade association championing the digital technologies industry, has released the shortlist for the hotly-contested 2016 Digital Technology Awards. The awards, now in their sixth year, celebrate the talent and ideas abundant in Scotland’s world-class digital technologies industry. This year the awards received a record number of entries – a 50% increase on 2015 – reflecting the health of the sector.  There are 15 categories, including three new awards  The awards ceremony takes place on 20 April, Old Fruitmarket, Glasgow Polly Purvis CEO of ScotlandIS said: “The Scottish digitalRead More


Annual Reports Award

Gentoo shortlisted for TPAS Excellence Award

Gentoo logo

The annual TPAS Awards showcase the success stories of tenants, landlords and contractors who promote tenant involvement work. Gentoo has been shortlisted for a TPAS Excellence Award in the category of ‘Annual Reports’. As a registered provider, Gentoo is regulated by the Homes & Communities Agency (HCA) and is required to produce an annual report tailored for customers detailing how we have performed in the previous year. A group involving customers and key Gentoo employees, worked together to ensure that the information contained in the most recent annual report wasRead More


Groundbreaking contract

Arrayjet secures £350,000 Beijing order

Arrayjet

Arrayjet, the Scottish diagnostic kit company, has secured a £350,000 order from Beijing-based life sciences company CapitalBio Technology. Arrayjet’s technology will assist further research into a range of medical conditions such as chromosome abnormalities and the blood disorder, Thalassemia. This is a groundbreaking contract for Arrayjet as it continues its growing international reputation across the globe. Detection kits designed for clinical diagnosis constitute an important part of CapitalBio Corporation’s products and services – the parent company operates four research institutes and five subsidiaries – and clinical diagnosis based on DNA detectionRead More


Budget 2016: Comment

Tax changes pose questions for Scottish government

PwC David Glen

While it will take a day or two for the full impact to be measured in Scotland due to devolution, this was a Budget that certainly showed we are living in interesting times. The whisky industry will once again raise a glass to the Chancellor for holding duty, though some in the soft drinks industries may also need a drop of the hard stuff after the announcement of the Sugar Tax, which will also apply to Scotland as the Chancellor introduced it under Excise. If he had introduced it viaRead More


Critics say it is a gimmick

Lifetime ISA to help young – but with sting in tail

The proposed lifetime Isa will prove attractive to younger savers despite a sting in the tail that could cause controversy in years to come. The announcement of the new Isa was the closest thing in the 2016 Budget to the proverbial rabbit from the hat, catching the savings and pensions industry unawares. The scheme, to be launched in 2017, will allow people aged between 18 and 40 to save up to £4,000 a year into the account and receive a bonus of 25% on the amount set aside before theirRead More


Budget 2016: Personal taxes

Tax cut for workers, though Scots may not benefit

Income tax own pic

Investors, the self-employed and middle income earners were the big winners from a raft of individual tax changes. The number of people paying higher rate tax has increased in recent years following a freeze in the threshold at which the 40% rate kicked in. That process is now being reversed. The threshold will increase from £42,385 to £43,000 next month, under a measure set out in the emergency Budget last July. The chancellor has now announced that it will jump to £45,000 in April 2017, taking it closer to hisRead More


Shares rise on Osborne’s Budget benefits

London Stock Exchange

Stocks rallied as they digested the Budget and jobs data. The FTSE 100 closed higher on broadly positive measures to help business. Housebuilding stocks rose after the Chancellor announced plans to lower stamp duty, and revealed savings held in the new lifetime ISA could be used towards a deposit on a mortgage. Oil stocks were also higher on cuts to taxes and news of a meeting next month of producers, while pub operators responded positively to the freeze on duties on beer, cider and whisky. Brent crude increased 3.6% to $40.20 perRead More


Budget 2016: Driverless cars

Driverless car test is a bold move for the UK

Phil Harrold

The Chancellor has announced plans to pilot the UK’s first driverless car tests on A-roads and motorways from next year and the potential for this to accelerate the sector ahead of other global competitors. Signalling the UK’s intent to be at the leading edge of driverless car technology in today’s Budget could be seen by some as a bold move or even a futuristic long shot by the Chancellor. In reality, automation has been creeping up on us for years and this is simply the next step in the digitalRead More


Budget 2016: Insurance taxes

Cost of motoring and home protection rises

Insurance

The cost of car and home insurance is to rise again after the Government unveiled the second increase to insurance premium tax (IPT) in less than a year. The tax was hiked from 6% to 9.5% in November, as a result of the summer Budget, and will now go up to 10%  in a move that will also affect pet insurance, mobile phone insurance and private medical insurance premiums. The government said the extra tax would raise £700 million for spending on flood defences. The announcement left the British InsuranceRead More


Budget Comment

ISA compromise may spell end of pensions

Jeff Salway 1

Anyone wondering what the new Lifetime Isa is really about need look no further than the numbers reeled off by the Chancellor early in his speech. Growth forecasts are down, debt is up and productivity continues to flat line. In other words, the Treasury needs a new cash cow. The proposed scrapping of pensions tax relief in favour of an Isa-style system, where the tax expenditure is at the withdrawal stage and not upfront, was too politically risky, however. The lifetime Isa is a neat compromise and a step towardsRead More