Political Parties: Finance
The question
To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, whether the Electoral Commission has produced guidance on how donations made in foreign currencies should be treated for the purposes of donation reporting rules.
Answered by Sir Jeremy Wright
The Electoral Commission hasn't produced specific guidance on donations that are in foreign currencies.
Political parties must report the value of the donations in Pounds Sterling at the time of receipt if they are above the reporting threshold and check it for permissibility if it is above £500.
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