From the Electoral Commission website, July 29th:
The British National Party and the party’s Regional Accounting Unit were both granted an extension to the deadline for submitting their statements of accounts. Both have failed to deliver their accounts within the extended deadline so the party will be fined a minimum of £500 and the accounting unit will be fined a minimum £100, this figure will increase if the accounts are more than three months late.
Peter Wardle Chief Executive of the Electoral Commission said: “Political parties play a crucial part in our democracy. But, now more than ever, voters need to be confident that party funding is transparent and that parties will comply with the law.
“While we are disappointed that the British National Party and its accounting unit have failed to submit their accounts on time, I’m glad to see that the majority of the large parties and accounting units have understood the need to ensure their accounts are submitted to us by the deadline set. Transparency about party finances is one of the key factors that can help public confidence in politics.”
In May, the Commission published the financial accounts of 281 political parties and 483 accounting units whose gross income and total expenditure were each £250,000 or less. Accounting units with income and expenditure that are both £25,000 or under are not required to submit their accounts.
The Commission has published a comparison of the parties’ gross annual income and total expenditure from 2003 to 2008. This is available on our website.
The Commission is currently reviewing all the accounts submitted. Where this review suggests that there may have been any breaches of the law we will raise this with the parties and where necessary use our regulatory powers.