Scottish limited partnerships may not be aware of extensions to the rules for the register of people with significant control (PSC), which come into effect from next month, warns Saffrey Champness 

The Financial Conduct Authority (FCA) has announced that Strand Capital, an investment management firm with around 3,000 clients, has entered the special administration regime (SAR) insolvency proceedings after reaching an assessment that it was no longer solvent

Creditors of Lehman Brothers International Europe (LBIE) are in line for an additional £5bn payout after a Supreme Court ruling determining the arrangement for payment of statutory interest and the rate of exchange to be used on foreign currency conversions

The International Ethics Standards Board for Accountants (IESBA) is consulting on new guidance on professional scepticism and professional judgment, which will emphasise the importance of accountants not simply accepting information at face value, and will be included in a planned revision of its code of ethics for professional accountants due at the end of this year

Following Brexit, MEPs in the European Parliament could demand restrictions on access to the single market by Gibraltar and the Channel Islands if they fail to reform their tax systems, an MEP has said

Debt collection rules due to come into force in October are set to make collecting debt from individuals harder for businesses with higher compliance costs although initial plans to include a copy of the credit agreement with loan chasing letters have been dropped

Despite the fall-out from the banking crisis, the City of London has stretched its lead as the strongest economy in the UK over the past decade, according to research by UHY Hacker Young, which suggests it has grown at double the speed of the national average since the credit crunch

In part five of our EU Directives series, Stefan Petrovski, accounting supervisor at Primexis, considers the long reach of the revamped and refreshed Data Protection Directive which will net both EU and non-EU members and comes into force in the UK in May 2018

Nomura chief UK economist George Buckley takes stock of the UK’s progress since its vote to leave the EU, the tightening consumer confidence and the effect of the snap election on the economy

Actor Kelvin Fletcher, who played the part of Andy Sugden in Emmerdale for 20 years, is facing claims from HMRC over a £188,000 tax bill, and a six year ban from being a company director at the same time as reportedly spending around £50,000 on his wedding

Defence giant BAE Systems has become the latest FTSE 100 company to change auditor following new rotation requirements, with Deloitte scheduled to take over from KPMG’s 36-year tenure as the company’s auditor for the financial year ending 31 December 2018

The UK’s biggest companies are still failing to provide shareholders with adequate information on ethics, with just 22% of the FTSE 100 including ethical performance metrics in their latest annual reports according to research by the Chartered Institute of Internal Auditors (IIA)