Documents
tagged "Finance & Audit"
Governance and Accountability 2022 - A Practitioners Guide
For all authorities with a turnover under £6.5million.
Section 1 The Annual Governance Statement
Section 2 The Statement of Accounts
Section 3 Proper practices in relation to accounts for a smaller authority that has decided to prepare accounts and be audited as a full audit authority
Section 4 Non-statutory guidance for internal audit at smaller authorities
Section 5 Supporting Information and Practical Examples
Mon, 04 Apr 2022
Procurement Thresholds from 28 March 2022
Procurement thresholds for public tenders have increased from 28th March 2022
Mon, 28 Mar 2022
Banking – completing FATCA or CRS forms
This note will assist councils in completing certain forms for their bank Banks may ask councils to complete a form to comply with FATCA (The US Foreign Account Tax Compliance Act, which seeks to ensure US citizens do not avoid tax by using foreign accounts) or to meet the requirements of the Common Reporting Standard (CRS), which is being rolled out globally by tax authorities.
Thu, 10 Feb 2022
Making Tax Digital
How will Making Tax Digital (MTD) for VAT will affect local Councils? Only relevant to VAT registered councils. Those with a taxable turnover of less than £85,000 must comply from 1 April 2022.
Thu, 10 Feb 2022
Hertfordshire Internal Audit Service - what does it offer?
Audits cover the requirements of the Annual Internal Audit Report, the Practitioners Guide, and the Accounts and Audit Regulations.
Fri, 07 Jan 2022
VAT on digital services from other countries
Guidance note about VAT on digital services from outside the UK, including Zoom.
Wed, 28 Apr 2021
NALC Cheques LRO Implementation Briefing
Legislation removing the need for Local Councils to use cheques with 2 signatories for all payments.
Fri, 12 Mar 2021
Guide to understanding procurement
"In order to ensure the best use of public money we need to be smarter in how we procure the things we need. Where another public body has a contract we can use, it meets our requirements and offers value for money we should use it. Where there is none then we may need professional advice on how to let our own.
This toolkit is designed to give general advice and provides signposts to other public buying organisations who have contracts we can use and bodies that can provide professional procurement services and tendering support.
A simple checklist highlights the common issues and pitfalls we need to address and there is also advice on preparing specifications and complying with legislation.
Parishes should make sure they also consider more formal advice as set out in NALC's Legal Topic Notes (including LTN 35, Local Council's Explained, model standing order and financial regulations and JPAGs Practitioners Guide)."
Jonathan Owen
Chief Executive, NALC
Thu, 12 Nov 2020
Model Financial Regulations Guidance July 2019
How to use Model Financial Regulations
Tue, 06 Aug 2019
The Good Councillor's Guide to Finance and Transparency
This guide is designed specifically to help parish and town councillors support their communities and council in understanding their obligations and commitments with public money – both generally and under Transparency Code requirements – as well as sharing good practice in thes
Mon, 10 Jun 2019
Local Audit and Accountability Act 2014 - changes to audit requirements for joint committees.
Local Audit and Accountability Act 2014 - changes to audit requirements for joint committees.
Fri, 05 Apr 2019