281.Section 140 establishes separate disclosure regimes for donations and expenditure within the UK/EU area and for monetary donations or contributions to political parties in the rest of the world. Both regimes are embodied under the section by amendments to Schedule 7 to the Companies Act 1985, which sets out the matters on which directors have to provide information in the directors’ report.
282.The existing provisions relating to political gifts in paragraphs 3 to 5 of Schedule 7 to the Companies Act are replaced by the provisions mentioned below (the provisions as to charitable donations simply restate the existing provisions under those paragraphs).
Commentary on Sections Part IX : Political donations and expenditure by companies Section 140 : Disclosure of political donations and expenditure in directors’ report