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1140613
star this property registered interest false more like this
star this property date less than 2019-07-19more like thismore than 2019-07-19
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Accountancy and Audit more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Streatham more like this
star this property tabling member printed
Chuka Umunna more like this
star this property uin 279462 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-08-02more like thismore than 2019-08-02
star this property 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>
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-08-02T12:19:21.667Zmore like thismore than 2019-08-02T12:19:21.667Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4128
unstar this property label Biography information for Chuka Umunna more like this
1139408
star this property registered interest false more like this
star this property date less than 2019-07-16more like thismore than 2019-07-16
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Avara Avlon Pharma Services: Insolvency more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Newport East more like this
star this property tabling member printed
Jessica Morden more like this
star this property uin 277691 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-22more like thismore than 2019-07-22
star this property 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> more like this
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-22T17:01:48.157Zmore like thismore than 2019-07-22T17:01:48.157Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
1548
unstar this property label Biography information for Jessica Morden more like this
1139410
star this property registered interest false more like this
star this property date less than 2019-07-16more like thismore than 2019-07-16
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Avara Avlon Pharma Services: Insolvency more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Newport East more like this
star this property tabling member printed
Jessica Morden more like this
star this property uin 277692 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-22more like thismore than 2019-07-22
star this property 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> more like this
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-22T17:02:17.75Zmore like thismore than 2019-07-22T17:02:17.75Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
1548
unstar this property label Biography information for Jessica Morden more like this
1139700
star this property registered interest false more like this
star this property date less than 2019-07-17more like thismore than 2019-07-17
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Avara Avlon Pharma Services: Insolvency more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Newport East more like this
star this property tabling member printed
Jessica Morden more like this
star this property uin 278449 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-22more like thismore than 2019-07-22
star this property 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> more like this
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-22T16:50:37.263Zmore like thismore than 2019-07-22T16:50:37.263Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
1548
unstar this property label Biography information for Jessica Morden more like this
1135371
star this property registered interest false more like this
star this property date less than 2019-06-27more like thismore than 2019-06-27
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Bereavement Leave: Parents more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Preston more like this
star this property tabling member printed
Sir Mark Hendrick more like this
star this property uin 270284 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property 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> more like this
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-02T14:10:01.583Zmore like thismore than 2019-07-02T14:10:01.583Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
473
unstar this property label Biography information for Sir Mark Hendrick more like this
1140615
star this property registered interest false more like this
star this property date less than 2019-07-19more like thismore than 2019-07-19
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Streatham more like this
star this property tabling member printed
Chuka Umunna more like this
star this property uin 279464 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-08-01more like thismore than 2019-08-01
star this property 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>
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-08-01T12:51:00.467Zmore like thismore than 2019-08-01T12:51:00.467Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4128
unstar this property label Biography information for Chuka Umunna more like this
1134255
star this property registered interest false more like this
star this property date less than 2019-06-24more like thismore than 2019-06-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Billing more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Aberdeen North more like this
star this property tabling member printed
Kirsty Blackman more like this
star this property uin 268619 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property 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>
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-02T14:10:31.767Zmore like thismore than 2019-07-02T14:10:31.767Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4357
unstar this property label Biography information for Kirsty Blackman more like this
1134256
star this property registered interest false more like this
star this property date less than 2019-06-24more like thismore than 2019-06-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Billing more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Aberdeen North more like this
star this property tabling member printed
Kirsty Blackman more like this
star this property uin 268620 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property 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>
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-02T14:10:37.61Zmore like thismore than 2019-07-02T14:10:37.61Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4357
unstar this property label Biography information for Kirsty Blackman more like this
1134258
star this property registered interest false more like this
star this property date less than 2019-06-24more like thismore than 2019-06-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Billing more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Aberdeen North more like this
star this property tabling member printed
Kirsty Blackman more like this
star this property uin 268622 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property 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> more like this
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-02T14:10:49.833Zmore like thismore than 2019-07-02T14:10:49.833Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4357
unstar this property label Biography information for Kirsty Blackman more like this
1134259
star this property registered interest false more like this
star this property date less than 2019-06-24more like thismore than 2019-06-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Billing more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property 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. more like this
star this property tabling member constituency Aberdeen North more like this
star this property tabling member printed
Kirsty Blackman more like this
star this property uin 268623 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property 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>
star this property answering member constituency Rochester and Strood remove filter
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-02T14:10:55.437Zmore like thismore than 2019-07-02T14:10:55.437Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property tabling member
4357
unstar this property label Biography information for Kirsty Blackman more like this