Political contributions restrictions: corporate donations permitted with board authorisation, disclosure and strict penalties for contraventions. Companies (excluding Government companies and those under three years old) may make political contributions only within a statutory cap tied to average net profits for the prior three years and only if authorised by a board resolution. Deeming provisions treat certain donations and publication or advertisement expenditures as political contributions. Companies must disclose total contributions and recipient party names in the profit and loss account. Breach attracts substantial monetary penalties on the company and criminal liability, fines and potential imprisonment for officers in default. 'Political party' is defined by reference to registration under the Representation of the People Act.