Government proposals for changes to corporation tax have been criticised for ‘neither modernising nor simplifying the tax system’ by the Institute of Chartered Accountants of Scotland.

The Inland Revenue is investigating the possibility of accepting credit cards for tax payments, according to a report by the National Audit Office (NAO).

Nick Bennett, former procurement development director at drinks giant Diageo, has gone into the property development business as a personal project before returning to full-time work.