Accounts and Finance for Town and Parish Councils Explained – March 7th at 10am – In-person

Who should attend: councillors, clerks, financial officers and other staff with management and / or financial responsibilities

This one day training will cover the following: 

Budget preparation

Receipts & payments or Income & Expenditure

Understanding the differences

Governance & Accountability

Model Financial Regulations

Accounting for Payments and Receipts

Year End Audit

Internal Audit – explanation and discussion
Internal Audit & testing effectiveness of Internal Control
External Audit
Explanation of supporting statements
Correspondence with External Audit
Audit Opinion

What you thought you knew about VAT

VAT Registration

Should you register for VAT
When must you register for VAT

What are ‘business’ and ‘non-business’ activities

VAT on income
Different categories of council income
VAT on sponsorship and donations
Charging VAT on Sports facilities
Classifications
VAT on expenditure

Procedures for Claiming VAT

Parish Councils & Trusts

VAT on Major projects

Who can claim for what, where do you draw the line between a refurbishment and a rebuild opting to tax

VAT Partial Exemption – what it means and what you must look out for

Q&A 

Members: £75 per ticket

Non-members: £150 per ticket

Venue: Aylesbury, Judges Lodgings

Registration and light refreshments from 9:30am. Lunch will be provided. Course starts promptly at 10:00am and is expected to finish at 3pm.

Special Dietary Needs: Please advise in advance

Cancellation: A full refund will be given if 14 days or more notice prior to the date of the training course is given. However, this could cause an event to be cancelled if it becomes uneconomic to run.