Companies Act 2014 section 1452

Interpretation

Section 1452 sets out the detailed content requirements for a company's entity payment report, including what must be disclosed about payments to governments, the thresholds below which payments need not be reported, and the rules around payments in kind.

• The entity payment report must identify each government paid, the country of that government, and the total and per-type amounts paid to each
• Payments below €100,000 — whether as a single payment or a series of related payments in the financial year — need not be included in the report
• Payments, activities, and projects must not be artificially split or aggregated to circumvent the reporting requirements
• Payments in kind must be reported with their value and, where applicable, volume, accompanied by directors' notes explaining how the value was determined