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1235704

registered interest
date	17/09/2020
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	Hydrogen Advisory Council
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government when they will publish the Terms of Reference of the Hydrogen Advisory Council.
tabling member printed	Lord Bourne of Aberystwyth
uin	HL8229
answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>Draft Terms of Reference were discussed at the first meeting of the Hydrogen Advisory Council on 20 July. The terms of reference will be published on the GOV.UK website in due course.</p> answering member printed Lord Callanan question first answered 01/10/2020 11:36:35 answering member 4336 label Biography information for Lord Callanan
tabling member	4282 label Biography information for Lord Bourne of Aberystwyth

1235707

registered interest
date	17/09/2020
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	United Kingdom Internal Market Bill
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what discussions they have had with (1) the Welsh Government, (2) the Scottish Government, and (3) the Northern Ireland Executive, about the United Kingdom Internal Market Bill.
tabling member printed	Lord Bourne of Aberystwyth
uin	HL8232
answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>UK Government Ministers and officials have been open to engaging with all devolved administrations following the publication of the UK Internal Market Bill on 9 September, with discussions held both before and after publication. Further discussions are planned at Ministerial and official-level with all three devolved administrations as the legislative Consent Motion process continues.</p> answering member printed Lord Callanan question first answered 01/10/2020 15:13:30 answering member 4336 label Biography information for Lord Callanan
tabling member	4282 label Biography information for Lord Bourne of Aberystwyth

1235708

registered interest
date	17/09/2020
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: Standards
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 16 September (HL7849), whether (1) the Secretary of State, (2) the UK Endorsement Board, (3) the International Accounting Standards Board, or (4) the auditors and directors for not using the true and fair view override, would be responsible for defects in the UK-adopted international accounting standards.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL8233
answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>The act of bringing into UK law all existing EU-adopted international accounting standards at the end of the transition period has been approved by Parliament.</p><p> </p><p>Thereafter, my Rt. Hon. Friend the Secretary of State will be responsible for ensuring that any international accounting standards adopted in the UK after the end of the transition period meet the criteria set out in regulations 7 and 8 of the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019, using the powers granted to the Secretary of State under regulation 6 of those regulations. The UK Accounting Standards Endorsement Board will take on this responsibility once endorsement and adoption functions have been delegated to it under regulation 13 of the International Accounting Standards and European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2019. However, the Secretary of State will retain the ability to revoke the delegation if it is deemed necessary.</p><p> </p><p>Auditors and directors will remain responsible for ensuring that an individual company’s accounts give a true and fair view of the company’s assets, liabilities, financial position and profit or loss.</p> answering member printed Lord Callanan question first answered 01/10/2020 11:36:09 answering member 4336 label Biography information for Lord Callanan
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

1235709

registered interest
date	17/09/2020
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	Company Accounts: Standards
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 16 September (HL7963), whether the model being used by the International Standards Board to set international accounting standards produces numbers which enable the provisions of the kind set out in section 841(2)(b) of the Companies Act 2006 which are designed to ensure compliance with section 830 of that Act; and if not, (1) what model the Board is using, and (2) when the Board decided to adopt that model.
tabling member printed	Baroness Bowles of Berkhamsted
uin	HL8234
answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>UK legislation set out in Part 15 of the Companies Act 2006 (CA06), requires certain companies to use EU-adopted international accounting standards, to produce their accounts. After the end of the transition period, UK companies will be required to use UK-adopted international accounting standards. Part 15 gives an overriding requirement that the accounts must give a true and fair view of the assets, liabilities, financial position and profit or loss of the company.</p><p> </p><p>International accounting standards require companies to recognise provisions (liabilities) where specific conditions are met. When a company uses international accounting standards accounts to make a distribution, Section 841(2)(b) of CA06 requires those provisions to be treated as realised losses (except revaluation provisions).</p> answering member printed Lord Callanan question first answered 01/10/2020 11:37:29 answering member 4336 label Biography information for Lord Callanan
tabling member	4562 label Biography information for Baroness Bowles of Berkhamsted

1235716

registered interest
date	17/09/2020
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	Public Houses: Coronavirus
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they plan to instruct pubs to close an hour earlier in areas under local restrictions to address the COVID-19 pandemic; and if so why.
tabling member printed	Baroness Kennedy of Cradley
uin	HL8241
answer	answer is ministerial correction date of answer 01/10/2020 answer text <p>My Rt. Hon. Friend the Prime Minister announced on 22 September that, as from 24 September, all pubs in England must have a 10pm-5am closing time to help curb the spread of COVID-19.</p> answering member printed Lord Callanan question first answered 01/10/2020 15:13:00 answering member 4336 label Biography information for Lord Callanan
tabling member	4303 label Biography information for Baroness Kennedy of Cradley