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1701992

registered interest
date	17/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Advance Pricing Agreements
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how many advance transfer pricing agreements have been signed by HM Revenue and Customs in each of the past five years.
tabling member printed	Lord Sikka
uin	HL3907
answer	answer is ministerial correction date of answer 25/04/2024 answer text <p>HM Revenue and Customs has entered into the following number of advance pricing agreements in the past five tax years:</p><ul><li>2018 to 2019: 30</li><li>2019 to 2020: 26</li><li>2020 to 2021: 24</li><li>2021 to 2022: 20</li><li>2022 to 2023: 15</li></ul><p>This information is included in the Transfer Pricing and Diverted Profits Tax Statistics 2022 to 2023 which are publicly available and published on gov.uk[1].</p><p> </p><p>[1] <a href="https://www.gov.uk/government/publications/transfer-pricing-and-diverted-profits-tax-statistics-2022-to-2023/transfer-pricing-and-diverted-profits-tax-statistics-2022-to-2023" target="_blank">Transfer Pricing and Diverted Profits Tax statistics 2022 to 2023 - GOV.UK (www.gov.uk)</a></p><p> </p><p> </p> answering member printed Baroness Vere of Norbiton question first answered 25/04/2024 11:17:19 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4885 label Biography information for Lord Sikka

1701994

registered interest
date	17/04/2024
answering body	Department for Environment, Food and Rural Affairs
answering dept id	13
answering dept short name	Environment, Food and Rural Affairs
answering dept sort name	Environment, Food and Rural Affairs
hansard heading	Water Companies: Debts
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government why OFWAT calculate gearing levels of water companies by using a debt-to-assets ratio as opposed to a debt-to-equity ratio.
tabling member printed	Lord Sikka
uin	HL3909
answer	answer is ministerial correction date of answer 26/04/2024 answer text <p>It is standard practice for regulated sectors to calculate gearing by reference to Regulator Capital Value (RCV). This is because there exists an RCV which represents costs incurred to date which can be recovered from customers in the future. This approach to calculating Regulatory Gearing is used by Ofgem and the Civil Aviation Authority and is recognised by the Rating Agencies.</p><p> </p><p>As the RCV represents the net stock of investment that has been contributed by debt and investors over time, it grows with net levels of investment. This provides the capacity against which companies may raise debt and equity to finance investment programmes.</p><p> </p><p>There is no equivalent to an RCV for companies operating in a competitive market. Gearing measured by reference to RCV is a more useful metric than standard accounting measure of gearing in a utility sector because future revenue streams are more certain than they would be for companies operating in a competitive market.</p> answering member printed Lord Douglas-Miller question first answered 26/04/2024 10:59:33 answering member 5006 label Biography information for Lord Douglas-Miller
tabling member	4885 label Biography information for Lord Sikka

1701995

registered interest
date	17/04/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Electric Vehicles: Batteries
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how many UK-based companies produce batteries for electric vehicles; and what is their collective capacity.
tabling member printed	Lord Sikka
uin	HL3910
answer	answer is ministerial correction date of answer 23/04/2024 answer text <p>AESC currently has a 1.9GWh facility operational in Sunderland. The UK has a further 52GWh per annum battery capacity committed – 12GWh from the AESC Gigafactory under construction in Sunderland and a further 40GWh from the planned Agratas Gigafactory. This is over half the capacity needed to meet industry demand forecasts of around 90GWh by 2030.</p> answering member printed Lord Offord of Garvel question first answered 23/04/2024 16:03:57 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	4885 label Biography information for Lord Sikka

1691869

registered interest
date	26/02/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Horizon IT System
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether they intend to place a copy of the Project Zebra review, associated with the Post Office Horizon scandal, in the Library of the House.
tabling member printed	Lord Sikka
uin	HL2759
answer	answer is ministerial correction date of answer 11/03/2024 answer text <p>The Department does not have a copy of the Project Zebra review. Like other aspects of the Horizon scandal, this is a matter for the statutory Post Office Horizon IT Inquiry, chaired by Sir Wyn Williams, to look into</p> answering member printed Lord Offord of Garvel question first answered 11/03/2024 16:59:33 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	4885 label Biography information for Lord Sikka

1691870

registered interest
date	26/02/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Horizon IT System: Compensation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what is the (1) highest, and (3) lowest, amount of compensation requested by sub-postmasters following the Post Office Horizon scandal; and what proportion of the requested amounts have been paid.
tabling member printed	Lord Sikka
uin	HL2760
answer	answer is ministerial correction date of answer 15/03/2024 answer text <p>Compensation offers depend on the compensation claim submitted. The total so far paid to the 102 postmasters whose convictions have been overturned is over £38 million, and £34 million has been paid out to 477 GLO claimants. This covers both interim payments and full and final settlements. Postmasters who claimed through the original Horizon Shortfall Scheme (HSS) have now all had offers and 242 offers have been made to late applicants. To date, £107 million has been paid out to all HSS claimants. We publish monthly data on claims received. The most recent monthly data can be found here:</p><p><a href="https://www.gov.uk/government/publications/post-office-horizon-compensation-data-for-2024/post-office-horizon-compensation-data-march-2024#:~:text=As%20of%201%20March%202024,all%20payments%20including%20interim%20payments" target="_blank">https://www.gov.uk/government/publications/post-office-horizon-compensation-data-for-2024/post-office-horizon-compensation-data-march-2024#:~:text=As%20of%201%20March%202024,all%20payments%20including%20interim%20payments</a></p><p>The amounts awarded to individuals are not revealed out of respect for individuals’ privacy.</p> answering member printed Lord Offord of Garvel question first answered 15/03/2024 13:17:33 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	4885 label Biography information for Lord Sikka

1691871

registered interest
date	26/02/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Horizon IT System: Compensation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how many sub-postmasters wrongly prosecuted by the Post Office have since died without receiving any redress; and how many of their relatives have received full redress.
tabling member printed	Lord Sikka
uin	HL2761
answer	answer is ministerial correction date of answer 11/03/2024 answer text <p>Tragically, a total of seven wrongfully prosecuted postmasters within the current ‘Overturned Convictions’ cohort have died. Six of these were postmasters whose convictions have been overturned, and one was prosecuted but not convicted. Two of the seven postmasters died after their convictions were overturned. Of these seven claims, four have reached full and final settlement.</p> answering member printed Lord Offord of Garvel question first answered 11/03/2024 17:00:09 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	4885 label Biography information for Lord Sikka

1691872

registered interest
date	26/02/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Royal Mail: Standards
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of reports that Royal Mail is not currently meeting its first-class and second-class letter delivery targets; and what remedial action they intend to take in response.
tabling member printed	Lord Sikka
uin	HL2762
answer	answer is ministerial correction date of answer 12/03/2024 answer text <p>It is for Ofcom, as the independent regulator of postal services, to set and monitor Royal Mail's service standards and decide how to use its powers to investigate and take enforcement action should Royal Mail fail to achieve its obligations without good justification.</p><p>In its investigation into quality of service performance for 2022-23, Ofcom found Royal Mail had contravened its service conditions and therefore imposed a £5.6 million fine on the business. Ofcom has committed to closely monitoring Royal Mail's performance and the steps it is taking to return delivery offices to pre-pandemic practices.</p> answering member printed Lord Offord of Garvel question first answered 12/03/2024 13:06:49 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	4885 label Biography information for Lord Sikka

1691873

registered interest
date	26/02/2024
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Horizon IT System
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether any Government departments knew about the flaws in the Post Office’s Horizon software system prior to the privatisation of Royal Mail.
tabling member printed	Lord Sikka
uin	HL2763
answer	answer is ministerial correction date of answer 11/03/2024 answer text <p>This is a matter for the statutory Post Office Horizon IT Inquiry, chaired by Sir Wyn Williams, to look into. It would be wrong for the Government to prejudice its work.</p> answering member printed Lord Offord of Garvel question first answered 11/03/2024 17:00:15 answering member 4931 label Biography information for Lord Offord of Garvel
tabling member	4885 label Biography information for Lord Sikka

1691874

registered interest
date	26/02/2024
answering body	Home Office
answering dept id	1
answering dept short name	Home Office
answering dept sort name	Home Office
hansard heading	Visas: Foreign Investment in UK
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government how many recipients of Tier 1 (Investor) visas were flagged as potentially at high risk of having links to corruption or organised crime in the recent Tier 1 (Investor) visa review.
tabling member printed	Lord Sikka
uin	HL2764
answer	answer is ministerial correction date of answer 11/03/2024 answer text <p>The Tier 1 (Investor) route has been closed. The then Home Secretary made a Written Ministerial Statement on 12 January 2023 setting out the findings of a review into issuance of visas under the route between 2008 and 2015. The Government will not be commenting further on the findings of that review.</p> answering member printed Lord Sharpe of Epsom question first answered 11/03/2024 16:05:52 answering member 4888 label Biography information for Lord Sharpe of Epsom
tabling member	4885 label Biography information for Lord Sikka

1688916

registered interest
date	14/02/2024
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Political Parties: Freedom of Information
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government whether they plan to introduce legislation to extend the provisions of the Freedom of Information Act 2000 to include registered political parties.
tabling member printed	Lord Sikka
uin	HL2495
answer	answer is ministerial correction date of answer 28/02/2024 answer text <p>The Government has no plans to extend the provisions of the Freedom of Information Act 2000 to registered political parties.</p> answering member printed Baroness Neville-Rolfe question first answered 28/02/2024 17:19:21 answering member 4284 label Biography information for Baroness Neville-Rolfe
tabling member	4885 label Biography information for Lord Sikka