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\u2019s exit.<\/p>
<\/p>
The Government\u2019s 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>
- the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019;<\/p>
- the Accounts and Reports (Amendment) (EU Exit) Regulations 2019;<\/p>
- the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019.<\/p>
<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4487", "label" : {"_value" : "Biography information for Kelly Tolhurst"} } , "answeringMemberConstituency" : {"_value" : "Rochester and Strood"} , "answeringMemberPrinted" : {"_value" : "Kelly Tolhurst"} , "dateOfAnswer" : {"_value" : "2019-08-02", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-08-02T12:19:21.667Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "201"} , "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"} , "date" : {"_value" : "2019-07-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Accountancy and Audit"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4128", "label" : {"_value" : "Biography information for Chuka Umunna"} } , "tablingMemberConstituency" : {"_value" : "Streatham"} , "tablingMemberPrinted" : [{"_value" : "Chuka Umunna"} ], "uin" : "279462"} , {"_about" : "http://data.parliament.uk/resources/1140618", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1140618/answer", "answerText" : {"_value" : "
The Government\u2019s plan for geo-blocking online content in the event that the UK leaves the EU without a deal has been implemented through the Geo-Blocking Regulation (Revocation) (EU Exit) Regulations 2019, which were made on 18 April 2019. These Regulations will come into effect on Exit Day as defined in the European Union (Withdrawal) Act 2018, section 20.<\/p>
Guidance for businesses has also been published, in the form of the following technical notice: \u2018Geo-blocking of online content if there\u2019s no Brexit deal\u2019. This was published on 12 October 2018 and is available at this link:<\/p>
https://www.gov.uk/government/publications/geo-blocking-of-online-content-if-theres-no-brexit-deal<\/a>.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4039", "label" : {"_value" : "Biography information for Lord Johnson of Marylebone"}
}
, "answeringMemberConstituency" : {"_value" : "Orpington"}
, "answeringMemberPrinted" : {"_value" : "Joseph Johnson"}
, "dateOfAnswer" : {"_value" : "2019-08-21", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-08-21T14:34:41.087Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2019-07-19", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Internet"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to his Department's Guidance on how to prepare for Brexit if there's no deal, which parts of the Government\u2019s plan for geo-blocking online content in the event that the UK leaves the EU without a deal have been implemented.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4128", "label" : {"_value" : "Biography information for Chuka Umunna"}
}
, "tablingMemberConstituency" : {"_value" : "Streatham"}
, "tablingMemberPrinted" : [{"_value" : "Chuka Umunna"}
], "uin" : "279467"}
, {"_about" : "http://data.parliament.uk/resources/1140626", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1140626/answer", "answerText" : {"_value" : " The Government has taken significant steps to protect UK leadership in nuclear R&D in the event of a no deal.<\/p> <\/p> Key bilateral agreements have been put in place to facilitate continued research collaboration with countries including Canada and the USA, and a major funding extension (until the end of 2020) for the UK-based JET fusion research facility has been agreed with the European Commission. Similarly, the executive council of the France-based ITER fusion project agreed in November 2018 to maintain UK employment and commercial contracts until their agreed end date in a no deal.<\/p> <\/p> Successful, competitive UK funding bids submitted under the Euratom Research & Training Programme before the end of 2020 have also been guaranteed by the UK Government, and close working with UK Research and Innovation (UKRI) is ongoing to ensure we are ready to deliver this funding from exit day if required.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4039", "label" : {"_value" : "Biography information for Lord Johnson of Marylebone"}
}
, "answeringMemberConstituency" : {"_value" : "Orpington"}
, "answeringMemberPrinted" : {"_value" : "Joseph Johnson"}
, "dateOfAnswer" : {"_value" : "2019-08-21", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-08-21T14:28:48.93Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2019-07-19", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Nuclear Power: Research"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to his Department's Guidance on how to prepare for Brexit if there's no deal, which parts of the Government\u2019s plan for nuclear research in the event that the UK leaves the EU without a deal have been implemented.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4128", "label" : {"_value" : "Biography information for Chuka Umunna"}
}
, "tablingMemberConstituency" : {"_value" : "Streatham"}
, "tablingMemberPrinted" : [{"_value" : "Chuka Umunna"}
], "uin" : "279475"}
, {"_about" : "http://data.parliament.uk/resources/1140255", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1140255/answer", "answerText" : {"_value" : " Copyright is largely harmonised internationally by a number of treaties to which the UK is signatory. This means that much of the copyright framework in the UK is not dependent on membership of the EU and will remain intact when we leave.<\/p> However, some UK copyright law is derived from the EU copyright framework; hence there are references in UK law to the \u201cEU\u201d, the \u201cEEA\u201d, and \u201cMember States\u201d. Some of these references arise from the UK\u2019s implementation of certain EU cross-border copyright mechanisms. These are unique to the EU and provide reciprocal protections and benefits between Member States, covering areas such as cross-border portability of online content services, sui generis database rights, and copyright clearance for satellite broadcasting.<\/p> To ensure UK copyright law functions properly if the UK leaves the EU without a deal, the Government introduced The Intellectual Property (Copyright and Related Rights) (Amendment) (EU Exit) Regulations 2019<\/a>. This removes or corrects references to the EU, EEA, or Member States in UK copyright legislation to preserve the effect of UK law where possible. For reciprocal cross-border mechanisms where continuing to extend provisions to the EU on a unilateral basis after exit would adversely affect those in the UK, we are limiting the mechanisms to operate on a purely domestic basis or bringing them to an end, as appropriate. Guidance for stakeholders<\/a> has been published alongside this.<\/p> Although the UK is leaving the EU, UK and EU copyright works (e.g. books, films and music) will continue to be protected in the EU and UK respectively because of the international treaties on copyright (e.g. the Berne Convention and the TRIPS Agreement), which require all treaty countries to protect works originating in any other treaty country to a minimum standard. Our participation in these treaties does not depend on our membership of the EU.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4039", "label" : {"_value" : "Biography information for Lord Johnson of Marylebone"}
}
, "answeringMemberConstituency" : {"_value" : "Orpington"}
, "answeringMemberPrinted" : {"_value" : "Joseph Johnson"}
, "dateOfAnswer" : {"_value" : "2019-08-21", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-08-21T14:30:10.73Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2019-07-18", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Copyright"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "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 the Department for Exiting the European Union, what parts of the plan for copyright in the event of a no deal Brexit have been implemented.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4128", "label" : {"_value" : "Biography information for Chuka Umunna"}
}
, "tablingMemberConstituency" : {"_value" : "Streatham"}
, "tablingMemberPrinted" : [{"_value" : "Chuka Umunna"}
], "uin" : "279023"}
, {"_about" : "http://data.parliament.uk/resources/1140257", "AnsweringBody" : [{"_value" : "Department for Business, Energy and Industrial Strategy"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1140257/answer", "answerText" : {"_value" : " In preparation for a no deal Brexit, the Government prepared secondary legislation to provide for a temporary unilateral EEA exhaustion regime. The Intellectual Property (Exhaustion of Rights) (EU Exit) Regulations 2019 was approved by Parliament in February 2019.<\/p> <\/p> The Government also published guidance, in the form of a technical notice on GOV.UK in September 2018 for businesses and consumers to prepare for a no deal scenario.<\/p> <\/p> The Government continues to engage with stakeholders on this issue in preparation for a possible no deal Brexit.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4039", "label" : {"_value" : "Biography information for Lord Johnson of Marylebone"}
}
, "answeringMemberConstituency" : {"_value" : "Orpington"}
, "answeringMemberPrinted" : {"_value" : "Joseph Johnson"}
, "dateOfAnswer" : {"_value" : "2019-08-21", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-08-21T14:27:18.06Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "201"}
, "answeringDeptShortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "answeringDeptSortName" : {"_value" : "Business, Energy and Industrial Strategy"}
, "date" : {"_value" : "2019-07-18", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Intellectual Property"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "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 the Department for Exiting the European Union, what parts of the plan for exhaustion of intellectual property rights in the event of a no deal Brexit have been implemented.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4128", "label" : {"_value" : "Biography information for Chuka Umunna"}
}
, "tablingMemberConstituency" : {"_value" : "Streatham"}
, "tablingMemberPrinted" : [{"_value" : "Chuka Umunna"}
], "uin" : "279024"}
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