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1140613

	registered interest
	date	19/07/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Accountancy and Audit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Guidance on how to prepare for Brexit if there's no deal, published by his Department, what parts of the plan for accounting and audit in the event that the UK leaves the EU without a deal have been implemented.
	tabling member constituency	Streatham
	tabling member printed	Chuka Umunna
	uin	279462
	answer	answer is ministerial correction date of answer 02/08/2019 answer text <p>If the UK leaves the EU without a withdrawal agreement, UK registered auditors will be treated largely as third country auditors in the EEA. Similarly, UK companies will be treated largely as third country companies for accounting and audit purposes. EEA auditors and EEA companies in the UK will also be treated as third country auditors and third country companies in the UK under changes that will be made effective in part through amendments to UK legislation. However, the UK Government has put in place a framework that will allow some continuing market access for EEA auditors to the UK for a limited period in order to provide continuity for businesses in the period following the UK’s exit.</p><p> </p><p>The Government’s technical notice on accounting and audit if there is no Brexit deal sets out the implications of No Deal for businesses operating across the EU/UK border. Almost all the legislative changes referenced in this guidance have been made via:</p><p>- the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019;</p><p>- the Accounts and Reports (Amendment) (EU Exit) Regulations 2019;</p><p>- the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019.</p><p> </p><p> </p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/08/2019 12:19:21 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4128 label Biography information for Chuka Umunna

1139408

	registered interest
	date	16/07/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Avara Avlon Pharma Services: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with AstraZeneca about the collapse of Avara Avlon and enhanced redundancy pay for employees.
	tabling member constituency	Newport East
	tabling member printed	Jessica Morden
	uin	277691
	answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>My rt. hon. Friend the Secretary of State has had no discussions with AstraZeneca. This is a commercial matter which BEIS have been monitoring for some time, however we have not sought to intervene while staff consultation and the administration process are underway.</p><p> </p><p>AstraZeneca announced yesterday that they have set aside funding of up to £12m, to be administered independently, to make sure their former employees at the Avlon site receive full severance should the ongoing administration of the site not generate enough funds to cover redundancy costs.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 22/07/2019 17:01:48 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	1548 label Biography information for Jessica Morden

1139410

	registered interest
	date	16/07/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Avara Avlon Pharma Services: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with Avara about the collapse of Avara Avlon and the enhanced redundancy pay for employees.
	tabling member constituency	Newport East
	tabling member printed	Jessica Morden
	uin	277692
	answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>My rt. hon. Friend the Secretary of State has had no discussions with Avara. This is a commercial matter which BEIS have been monitoring for some time, however we have not sought to intervene while staff consultation and the administration process are underway.</p><p> </p><p>AstraZeneca announced yesterday that they have set aside funding of up to £12m, to be administered independently, to make sure their former employees at the Avlon site receive full severance should the ongoing administration of the site not generate enough funds to cover redundancy costs.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 22/07/2019 17:02:17 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	1548 label Biography information for Jessica Morden

1139700

	registered interest
	date	17/07/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Avara Avlon Pharma Services: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with Astrazeneca and Avara Avlon about the (a) three year guarantee on enhanced redundancy payments and terms for staff agreed as part of the sale of the company for £1 in December 2016 and the (b) collapse of Avara Avalon.
	tabling member constituency	Newport East
	tabling member printed	Jessica Morden
	uin	278449
	answer	answer is ministerial correction date of answer 22/07/2019 answer text <p>My rt. hon. Friend the Secretary of State has had no discussions with Avara. This is a commercial matter which BEIS have been monitoring for some time, however we have not sought to intervene while staff consultation and the administration process are underway.</p><p> </p><p>AstraZeneca announced on Wednesday that they have set aside funding of up to £12m, to be administered independently, to make sure their former employees at the Avlon site receive full severance should the ongoing administration of the site not generate enough funds to cover redundancy costs.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 22/07/2019 16:50:37 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	1548 label Biography information for Jessica Morden

1135371

	registered interest
	date	27/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Bereavement Leave: Parents
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to introduce a statutory right to paid leave for bereaved parents who experience ectopic pregnancy or miscarriage.
	tabling member constituency	Preston
	tabling member printed	Sir Mark Hendrick
	uin	270284
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The loss of a child, including the loss of a pregnancy, is devastating for parents.</p><p> </p><p>The Department is currently working to implement a new statutory right to Parental Bereavement Leave and Pay for eligible parents who lose a child under the age of 18, or suffer a still-birth from 24 weeks of pregnancy. We expect the new right will apply from April 2020.</p><p> </p><p>The policy provides a statutory minimum and we encourage employers to go beyond this where possible. Many employers will have an existing compassionate leave policy or will operate one on a discretionary basis following such losses during pregnancy. We strongly encourage employers to be sensitive and considerate at such a time.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:10:01 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	473 label Biography information for Sir Mark Hendrick

1140615

	registered interest
	date	19/07/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Guidance on how to prepare for Brexit if there's no deal, published by his Department, what parts of the plan for structuring businesses in the event that the UK leaves the EU without a deal have been implemented.
	tabling member constituency	Streatham
	tabling member printed	Chuka Umunna
	uin	279464
	answer	answer is ministerial correction date of answer 01/08/2019 answer text <p>If the United Kingdom were to leave the European Union without a withdrawal agreement in place, UK businesses would be treated as businesses from a “third country” in the EU, and vice versa. The guidance[1] on structuring businesses in the event of “no deal” sets out the implications of this for businesses operating across the EU/UK border.</p><p>The Statutory Instruments referenced in this guidance have now been made:</p><ul><li>The Accounts and Reports (Amendment) (EU Exit) Regulations 2019;</li><li>The European Economic Interest Grouping (Amendment) (EU Exit) Regulations 2018;</li><li>The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018</li><li>The Companies, Limited Liabilities Partnerships and Partnerships (Amendment)(EU Exit) Regulations 2019;</li><li>The Accounts and Reports (Amendment) (EU Exit) Regulations 2019; and</li><li>The International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019.</li></ul><p> </p><p>[1] https://www.gov.uk/government/publications/structuring-your-business-if-theres-no-brexit-deal--2/structuring-your-business-if-theres-no-brexit-deal</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 01/08/2019 12:51:00 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4128 label Biography information for Chuka Umunna

1134255

	registered interest
	date	24/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of making the Prompt Payment Code compulsory for large businesses.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	268619
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>In the recent Government Response to the Creating a Responsible Payment Culture Call for Evidence we announced that responsibility for the voluntary Prompt Payment Code (the ‘Code’) is to move to the Small Business Commissioner and that the Code will be reformed, following engagement with existing Code signatories.</p><p> </p><p>Turning a voluntary code into a compulsory code would be further legislation respect of payment terms. UK legislation already establishes maximum 30-day payment terms for transactions with public authorities and 60-day payment terms between businesses, unless they agree longer terms and those terms are not grossly unfair to the supplier.</p><p> </p><p>Government has worked closely with trade bodies and businesses to develop this. Mike Cherry, FSB National Chairman, said of the recent announcement: “Small businesses will be delighted with today’s announcement” and “the measures today could finally see an end to poor payment practice. Changing our business culture will boost the small business community, productivity and growth.”</p><p> </p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:10:31 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4357 label Biography information for Kirsty Blackman

1134256

	registered interest
	date	24/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of reducing the maximum payment terms of the Prompt Payment Code from 60 days to 30 days.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	268620
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Prompt Payment Code (‘the Code’) encourages businesses to aim for 30-day payment terms as the norm, with 60 days as the maximum. Signatories commit to paying 95% of invoices within 60 days, unless there are exceptional circumstances.</p><p> </p><p>In the recent Government Response to the Creating a Responsible Payment Culture Call for Evidence we announced that responsibility for the Code is to move to the Small Business Commissioner and that the Code will be reformed, following engagement with existing Code signatories. We are also keen to increase the number of businesses signed up to the Code.</p><p> </p><p>UK legislation already establishes maximum 30-day payment terms for transactions with public authorities and 60-day payment terms between businesses, unless they agree longer terms and those terms are not grossly unfair to the supplier.</p><p> </p><p>Government has worked closely with trade bodies and businesses to develop this. Mike Cherry, FSB National Chairman, said of the recent announcement: “Small businesses will be delighted with today’s announcement” and “the measures today could finally see an end to poor payment practice. Changing our business culture will boost the small business community, productivity and growth.”</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:10:37 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4357 label Biography information for Kirsty Blackman

1134258

	registered interest
	date	24/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what evidence base the Government used in reaching the decision to provide a £1 million business fund for the use of technology to help reduce late payments.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	268622
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>A £9 million Business Basics Programme was announced in the Industrial Strategy, to test innovative ways of encouraging SMEs to take up the proven technology and business practices that can boost productivity. I announced in the recent Government Response to the Call for Evidence on Creating a Responsible Payment Culture that, as part of that Programme, we will launch a Business Basics fund competition up to £1 million. This will provide funding to trial how to get businesses to take up proven technology and business practices, including a focus on payment technology.</p><p> </p><p>Government has worked closely with trade bodies and businesses to develop this. Mike Cherry, FSB National Chairman, said of the recent announcement: “Small businesses will be delighted with today’s announcement” and “the measures today could finally see an end to poor payment practice. Changing our business culture will boost the small business community, productivity and growth.”</p><p> </p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:10:49 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4357 label Biography information for Kirsty Blackman

1134259

	registered interest
	date	24/06/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Business: Billing
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of the £1 million technology fund for businesses on the issue of late payments.
	tabling member constituency	Aberdeen North
	tabling member printed	Kirsty Blackman
	uin	268623
	answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>Technology adoption can boost productivity in the UK. The £9 million Business Basics Programme was announced in the Industrial Strategy, to test innovative ways of encouraging SMEs to take up the proven technology and business practices that can boost productivity.</p><p> </p><p>Government believes there is also a role for the Commissioner to run a campaign to promote technological solutions to SMEs to reduce late payment, improve cash flow and encourage better credit management. This fits with the Commissioner’s role in offering advice and guidance on payment matters to SMEs.</p><p> </p><p>It is envisaged that this combined approach will improve awareness of the use of technology and begin to make inroads to improve administrative processes that underpin business operations such as streamlining invoicing, payment and credit management, ultimately making payment practices more efficient and businesses more productive.</p><p> </p><p>Government has worked closely with trade bodies and businesses to develop this. Mike Cherry, FSB National Chairman, said of the recent announcement: “Small businesses will be delighted with today’s announcement” and “the measures today could finally see an end to poor payment practice. Changing our business culture will boost the small business community, productivity and growth.”</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 02/07/2019 14:10:55 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4357 label Biography information for Kirsty Blackman