Paragraph 3 F1
United Kingdom
If—
the company (not being the wholly-owned subsidiary of a company incorporated in Great Britain) has in the financial year—
made any donation to any registered party or to any other EU political organisation, or
incurred any EU political expenditure, and
the amount of the donation or expenditure, or (as the case may be) the aggregate amount of all donations and expenditure falling within paragraph (a), exceeded £200,
the directors’ report for the year shall contain the particulars specified in sub-paragraph (2).
Those particulars are—
as respects donations falling within sub-paragraph (1)(a)(i)—
the name of each registered party or other organisation to whom any such donation has been made, and
the total amount given to that party or organisation by way of such donations in the financial year; and
as respects expenditure falling within sub-paragraph (1)(a)(ii), the total amount incurred by way of such expenditure in the financial year.
If—
at the end of the financial year the company has subsidiaries which have, in that year, made any donations or incurred any such expenditure as is mentioned in sub-paragraph (1)(a), and
it is not itself the wholly-owned subsidiary of a company incorporated in Great Britain,
the directors’ report for the year is not, by virtue of sub-paragraph (1), required to contain the particulars specified in sub-paragraph (2); but, if the total amount of any such donations or expenditure (or both) made or incurred in that year by the company and the subsidiaries between them exceeds £200, the directors’ report for the year shall contain those particulars in relation to each body by whom any such donation or expenditure has been made or incurred.
Any expression used in this paragraph which is also used in Part XA of this Act has the same meaning as in that Part.
Annotations
Textual amendments
- F1
Sch. 7 Pt. I paras. 3-5 and cross-headings preceding para. 3, 5 substituted (16.2.2001) for Sch. 7 Pt. I paras. 3-5 and cross-heading preceding para. 3 by 2000 c. 41, s. 140 (with s. 156(6), Sch. 23 para. 13); S.I. 2001/222, art. 2, Sch. 1 Pt. I (subject to transitional provisions in Sch. 1 Pt. II)
Notes on Schedule 7
Textual amendments
- F1
Sch. 7 repealed (6.4.2008) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16; S.I. 2007/3495, art. 8(a), Sch. 2 Pt. 1 (with arts. 7, 12)
Notes on Political donations and expenditure
Textual amendments
- F1
Sch. 7 Pt. I paras. 3-5 and cross-headings preceding paras. 3, 5 substituted (16.2.2001) for Sch. 7 Pt. I paras. 3-5 and cross-heading preceding para. 3 by 2000 c. 41, s. 140 (with s. 156(6), Sch. 23 para. 13); S.I. 2001/222, art. 2, Sch. 1 Pt. I (subject to transitional provisions in Sch. 1 Pt. II)