[holding answer 4 July 2006]: The Commission informs me that it regularly communicates with registered political parties to ensure that both they and their registered accounting units comply with the law on submission of accounts. This includes the provision of information, sending out reminder letters and arranging meetings wherever necessary. Where the Commission feels further action is necessary, officers from the Commission work with individual parties in enhancing their financial reporting systems to improve their ability to comply with the law.
Any registered accounting unit whose gross income or total expenditure in a financial year exceeds £25,000 is required to submit a statement of accounts to the Commission within three months of the year end if these are not required to be audited, and six months if they are. The Commission has no means of knowing, in advance, which accounting units will exceed the £25,000 reporting threshold in any given year.
In the year to 31 December 2004 (the last year for which information is available), the number of constituency parties or associations that submitted accounts were:
Total submitted Submitted on time Submitted late The Conservative party 314 308 6 The Labour party 46 24 22 The Liberal Democrats 83 76 7
Submitted on time
The Conservative party
The Labour party
The Liberal Democrats