Three people have entered the race to become leader of the Scottish National Party after the surprise resignation of Nicola Sturgeon.
They are Scotland's Health Secretary Humza Yousaf, its Finance Secretary Kate Forbes and former community safety minister Ash Regan.
Each candidate was required to get at least 100 nominations from at least 20 local party branches by noon on June 24 to show they have some support among party members.
Who are the candidates?
Health and Social Care Secretary Humza Yousaf
Mr Yousaf was first to announce his candidacy for SNP leadership.
“This is the top job in the country and it needs somebody who has experience,” said Mr Yousaf, whose career was influenced by the late Bashir Ahmad, Scotland's first Muslim MSP.
Mr Yousaf has proven to be a choice among elected Holyrood members, with senior MSPs pledging their support.
He was appointed to the health role in May 2021 and was the youngest MSP elected to the Scottish Parliament, aged 26.
Now 37, he has served in numerous government departments and in 2018 he became cabinet secretary for justice.
He has also been the face of the Hate Crime and Public Order (Scotland) Bill, which has drawn criticism over its effect on freedom of expression.
Ash Regan
Ms Regan is a former community safety minister, having resigned in October over gender recognition legislation championed by Ms Sturgeon.
She joined the SNP after the public rejected independence in 2014. She was then selected to stand in the Edinburgh Eastern constituency in the 2016 Holyrood elections.
Ms Regan has promoted herself as a unity candidate who can run a competent government and reach out to the grassroots of the independence movement.
She wants to bring together pro-independence parties and organisations to discuss a way towards a constitutional convention similar to the movement that built pressure on the British government for devolution in the 1990s.
“On my first day as leader, I will call for an independence convention to be held,” she said. “We will create a new vision of an independent Scotland.”
Finance and Economy Secretary Kate Forbes
Ms Forbes was first tipped as a potential candidate to succeed Ms Sturgeon as First Minister in 2020.
Her calmness under pressure was applauded after being promoted to finance job when it became unexpectedly vacant, and then having to deliver the budget only hours later.
Ms Forbes has the support of business minister Ivan McKee and senior SNP MSP Annabelle Ewing.
Born in Dingwall in the Scottish Highlands, she was elected in 2016 and was a convener of the Scottish Parliament's cross-party group on Gaelic language and culture.
At 32, she would be Scotland’s youngest leader if she wins. She is on maternity leave after the birth of her first child last year.
“The choices that we make in the next few weeks will have a profound impact on our future and on our children's future,” she said.
How is the election run?
The candidates are on the campaign trail trying to persuade members they can lead the party and the winner will also become first minister.
The ballot opens at noon on March 13 and closes two weeks later on March 27.
Members will be asked to vote using the single transferable vote system, meaning voters can choose their second choice for the job.
A winner will be announced on March 27.
Who has ruled themselves out?
Deputy First Minister John Swinney
He has been Ms Sturgeon's deputy since 2014.
He previously served as Scotland's finance secretary from 2007 to 2016 and education secretary from 2016 to 2021.
Mr Swinney was SNP leader in 2000 but stepped down in 2004 after disappointing election results.
External Affairs and Culture Secretary Angus Robertson
He has spent many years at both Westminster and Holyrood and was a telling factor in the party’s push for a second referendum on independence.
Mairi McAllan MSP
The Scottish Environment Minister has said “now is not the right time” for her to compete in the leadership race.
She said: “With the sincerest admiration for Nicola Sturgeon and with thanks to every single person who encouraged me to run and seek to follow in her footsteps, please see my statement on the SNP leadership contest.”
Stephen Flynn MP
Mr Flynn is the new leader of the SNP at Westminster and the MP for Aberdeen South.
He was also the first to publicly rule himself out of the contest.
Why did Ms Sturgeon resign?
Ms Sturgeon said she had been wrestling with the decision for weeks but decided it was the right time to step aside.
She said: “In my head and in my heart, I know that time is now, that it is right for me, for my party and for the country.
“I am announcing my intention to step down as First Minister and leader of my party.”
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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