TaxCorporate TaxUKIP fined for late filing

UKIP fined for late filing

Embattled political party UKIP has been fined £1,000 by the Electoral Commission for the ‘unacceptably late’ filing of its 2005 accounts

The delay was caused by the discovery of accounting irregularities by UKIP
treasurer and anti-ICAEW merger campaigner Bruce Lawson.

Donations totalling £118,000 failed to go through UKIP’s books, a move which
led Lawson to declare that he would step down if he discovered any more
accounting issues at the party. Speaking exclusively to Accountancy
Age
, Lawson said the commission had placed details of a donation on its
website that Lawson had no record of in the books. ‘I went to the committee and
said if this ever happens again I’ll quit. In the course of finalising the 2005
accounts with the auditors it was sorted and solved.’

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter