To ask the Minister of State, Department for Business, Innovation and Skills if he will bring forward legislative proposals to require small companies to disclose political donations in the notes to their financial statements.

No. Under schedule 5 to The Small Companies and Groups (Accounts and Directors' Report) Regulations 2008, small companies are required to disclose particulars of political donations in the directors' report if the aggregate amount of all political donations and political expenditure in respect of EU political parties, organisations or independent election candidates in the relevant financial year exceeds £2,000. The particulars must include the name of each political party, other political organisation or independent election candidate to whom a political donation has been made, and the total amount given to that party, organisation or candidate in the financial year. There are separate disclosure requirements in respect of donations to non-EU political parties.

In the case of a company which is the wholly owned subsidiary of a company incorporated in the United Kingdom, the disclosure, if required, will be made by the holding company.