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PARLIAMENTARY WRITTEN QUESTION
(7 April 2025)

Question Asked

To ask the Secretary of State for Business and Trade, if he will make an assessment of the merits of reintroducing the requirement for companies to report their charitable donations.

Asked by:
Helen Maguire (Liberal Democrat)

Answer

The requirement for companies to disclose charitable donations in their annual reports was removed in 2013. This decision followed a consultation in which two-thirds of respondents supported its removal, after an impact assessment found no evidence that the requirement increased levels of charitable giving.

Removing reporting that is redundant or duplicative is consistent with our ongoing Non-Financial Reporting Review that aims to streamline and modernise non-financial reporting requirements. A consultation will be published at the end of this year offering respondents an opportunity to comment on non-financial reporting requirements relevant to the Annual Report.


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