Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask His Majesty's Government what plans they have to provide financial or logistical support to small craft manufacturers struggling with high import duties when bringing their own work back into the UK after exhibiting abroad.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
Relief from import duties can be claimed when bringing goods back into the UK. Returned Goods Relief allows individuals and businesses to claim relief from customs duty and import VAT on goods which are exported from the UK and subsequently returned to the UK, subject to meeting the relief’s conditions.
Guidance on the financial and logistical support which may be available for moving goods temporarily between the UK and other countries without payment of import duties can be found on GOV.UK.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government, further to their report Getting smart about intellectual property and other intangibles in the public sector, published in October 2018, which department will be responsible for the proposal to "design and implement best practice protocols for development, protection and commercialisation of public sector knowledge assets".
Answered by Earl of Courtown - Opposition Deputy Chief Whip (Lords)
The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector.
The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to publish the detailed implementation strategy that has been prepared, as a result of the Knowledge Assets Implementation Study, for ministers in (1) Her Majesty's Treasury, (2) the Department for Business, Energy and Industrial Strategy, and (3) the Cabinet Office.
Answered by Earl of Courtown - Opposition Deputy Chief Whip (Lords)
The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.
The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government which department will host the centre of expertise providing advice and support on technical, legal, commercial and financial aspects of generating and exploiting knowledge assets, as proposed in the terms of reference of the Knowledge Assets Implementation Study; and how this centre will work with the proposed National Centre of Expertise to provide specialist advice and guidance to the NHS on agreements for the use of health data.
Answered by Earl of Courtown - Opposition Deputy Chief Whip (Lords)
The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.
The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government whether, in seeking to develop new standards and approaches for measuring and reporting the value of knowledge assets in the public sector, they have taken account of the recent work of the Organisation for Economic Co-operation and Development's Working Parties on National Accounts and on International Trade in Goods and Services Statistics.
Answered by Earl of Courtown - Opposition Deputy Chief Whip (Lords)
The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.
The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government which department will be responsible for the proposal to establish a central repository detailing Government knowledge asset holdings and their value, as set out in the terms of reference of the Knowledge Assets Implementation Study.
Answered by Earl of Courtown - Opposition Deputy Chief Whip (Lords)
The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.
The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government which department will be responsible for the proposal to register intellectual property assets with the most commercial potential, as set out in the terms of reference of the Knowledge Assets Implementation Study; and what role they expect the National Audit Office to perform in ensuring best value of the use of such assets, for both individual data subjects and UK taxpayers.
Answered by Earl of Courtown - Opposition Deputy Chief Whip (Lords)
The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.
The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have made to publish an annual report on their knowledge asset holdings and progress in exploitation of them, as set out in the terms of reference of the Knowledge Assets Implementation Study; and when they expect to publish the first such report.
Answered by Earl of Courtown - Opposition Deputy Chief Whip (Lords)
The Knowledge Assets team, based in HM Treasury but supported by a range of departments, is working with strategic partners to develop an implementation strategy which is aligned with related policy and institutions across the public sector. This includes colleagues in the Office for Life Sciences, which has announced plans to establish a National Centre of Expertise within NHSX that will provide specialist commercial and legal advice to NHS organisations entering data agreements.
The implementation strategy remains in development and it is the intention to publish it later this year. It will respond to each of the ten recommendations made in the 2018 Budget report ‘Getting smart about intellectual property and other intangibles in the public sector’, including questions of future departmental responsibilities and reporting.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government what assessment they have made of the extent to which their methodology for valuing raw data assets on government balance sheets differs from private sector practices.
Answered by Lord Bates
The UK Government follows standards as set by the International Accounting Standards Board (IASB), which are the same standards used by the majority of private sector bodies (for more information please see the Companies Act 2006). Raw data is an intangible asset and would therefore be covered by IAS 38 Intangible Assets. The UK government follows IAS 38 as adapted for the public sector. The Government Financial Reporting Manual 2018-19 sets out these interpretations and adaptations.
Asked by: Lord Freyberg (Crossbench - Excepted Hereditary)
Question to the HM Treasury:
To ask Her Majesty's Government whether for accounting purposes they treat intellectual property generated by public bodies in the same way as other EU Member States.
Answered by Lord Bates
The UK follows standards as set by the International Accounting Standards Board (IASB). The UK Government applies International Financial Reporting Standards (IFRS) as adapted and interpreted for the public sector. EU Member States may also apply IFRS, International Public Sector Accounting Standards (IPSAS) or prepare their accounts on a cash basis. There are no material differences in the standards issued by IASB (IAS 38) and IPSASB (IPSAS 31) on the accounting treatment of intellectual property.