A few days ago, Master Dale speculated that UKIP might well be facing a fine.
The deadline for submitting audited accounts was 7 July 2006. UKIP failed to meet it and were given an extension.
According to the West Brom Blog "As of Friday 5th January 2007 the accounts have not been published to the Electoral Commission. Failure to submit accounts within 1 year can result in a £5,000 fine and is a criminal offence under UK electoral law (Political Parties Elections & Referendums Act 2000)"."
If this is true, we might well ask when UKIP do intend to submit accounts and what deadline have they been given by the Electoral Commission. Anyone care to enlighten us?
Having talked to a number of sources in the party, I can confirm that UKIP are definitely not facing a fine. The party has undergone some restructuring over the past year and has elected a new Treasurer and new accountants (amongst other things).
A high-up UKIP source informs me that the accounts will be submitted by the 22nd of this month; the Electoral Commission are aware of this and are happy that this deadline is met.
Whilst the accounts are, of course, technically, late, I am sure that, with an economist of Tim Congdon's stature on UKIP's side, everything will be hunky-dory next time...