The administrative burden on businesses ‘penalises the good guys and doesn’t
stop the bad guys,’ the group finance director of British American Tobacco has
In an interview with The Times, Paul Rayner was asked what one thing
in the business environment he would change.
‘I’m tempted to say stop the increased administrative burden on business,
which just penalises the good guys and doesn’t stop the bad guys. A more
realistic one, however, is to have a telecommunications system in the UK that
works,’ he said.
Rayner adds that headhunters have stopped calling him and that he was not
interested in applying for Sir Roy Gardner’s role at Centrica. He also says he
thinks people working in finance should all experience some mergers and
‘You don’t really understand what a business is worth until you’ve actually
started buying and selling them,’ he said.
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live