News

Benny HIggins Edinburgh-based Tesco Bank is to increase its underlying standard interest rates for savings and it’s Standard Variable Rate (SVR) for mortgages by 0.15 per cent.

Yvette Nunn The Association of Taxation Technicians (ATT) is warning that any significant reduction in the VAT registration threshold could increase costs and burdens for small businesses and impose digital record keeping requirements on them earlier than expected.

Footfall in Scotland fell by 3.3 per cent in October, marking the sixth consecutive month of decline, against a previous three-month steady growth between February and April.

Fraser Sime The Scottish private sector made a positive start to the fourth quarter, as output growth quickened at the fastest pace since July, according to the Bank of Scotland.

A progress report filed at Companies House by the joint administrators of defunct Perth retail institution McEwens has revealed that it is not anticipated that all claims against the business will be paid in full.

A number of Scotland’s biggest and most prominent firms, including financial industry giant Aberdeen Asset Management, have been named in the so-called ‘Paradise Papers’.

Budding business advisors from across Glasgow have taken part in a series of workshops designed to teach them about the benefits of working in professional services.

AAB managing partner Graeme Allan (right) welcomes Kevin Meaney to the Aberdeen firm Aberdeen-based accountancy firm Anderson Anderson & Brown (AAB) has announced the appointment of Kevin Meaney as tax director.

Mel Bucher Edinburgh investment house Martin Currie has strengthened its US Institutional business team with the appointment of Andy Hahn as vice president, North America, sales and client service.

Edinburgh-based Sainsbury’s Bank says it has received £150m worth of mortgage applications in the first half of the year.

Sean McGinness Accountancy firm Saffery Champness says that it welcomes the majority of findings made by the Office for Tax Simplification (OTS) in its report on the UK VAT system to consider whether or not this was working for businesses and to identify opportunities to simplify the structure.

Malcolm Hurlston Scots who pay off outstanding debts could continue to be penalised because the authorities are not being informed of payments, the Registry Trust says.

Faisal Choudhry House prices in Scotland will outperform London and most other regions of the UK over the next five years, according to international real estate adviser Savills.

Graeme Hartop Edinburgh-based private bank Hampden & Co has announced that it is collaborating with the University of Edinburgh to explore the links between personal finance and mental health.

A new £4 million self-build loan fund offering financial backing to people in Scotland who want to build their own homes will be available from next year.