SCHEDULES
C1SCHEDULE 7 Matters to be Dealt With in Directors’ Report
Part I Matters of a General Nature
F2 Political donations and expenditure
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)
F14
1
If the company (not being the wholly-owned subsidiary of a company incorporated in Great Britain) has in the financial year made any contribution to a non-EU political party, the directors’ report for the year shall contain—
a
a statement of the amount of the contribution, or
b
(if it has made two or more such contributions in the year) a statement of the total amount of the contributions.
2
If—
a
at the end of the financial year the company has subsidiaries which have, in that year, made any such contributions as are mentioned in sub-paragraph (1), and
b
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 any such statement as is there mentioned, but it shall instead contain a statement of the total amount of the contributions made in the year by the company and the subsidiaries between them.
3
In this paragraph “contribution”, in relation to an organisation, means—
a
any gift of money to the organisation (whether made directly or indirectly);
b
any subscription or other fee paid for affiliation to, or membership of, the organisation; or
c
any money spent (otherwise than by the organisation or a person acting on its behalf) in paying any expenses incurred directly or indirectly by the organisation.
4
In this paragraph “non-EU political party” means any political party which carries on, or proposes to carry on, its activities wholly outside the member States.
Sch. 7 (except paras. 2, 7 and 8) applied with modifications by S.I. 1985/680, regs. 4–6, Sch.