Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revision Previous revision
Next revision
Previous revision
payments [2018/02/22 16:27]
exchequer
payments [2018/10/30 20:04] (current)
exchequer [Levy Payments]
Line 1: Line 1:
 ====== Levy Payments ====== ====== Levy Payments ======
  
 +
 +**Please note the recent changes to Kingdom Levies. Information can be found under the '​Events'​ heading**
  
 At the end of every quarter (September, December, March, June) or earlier, the funds collected by the branch for both event memberships and kingdom levies should be remitted to the Chancellor of the Exchequer and the relevant Corporate Treasurer.\\ At the end of every quarter (September, December, March, June) or earlier, the funds collected by the branch for both event memberships and kingdom levies should be remitted to the Chancellor of the Exchequer and the relevant Corporate Treasurer.\\
-Branches in Australia are required to calculate their amounts and remit funds in Australian dollars. ​ Branches in New Zealand are required to calculate their amounts and remit funds in New Zealand dollars (on a dollar for dollar basis).\\ ​+Branches in Australia ​will be notified by the Exchequer of amounts owed and are required to remit funds in Australian dollars. ​ Branches in New Zealand are required to calculate their amounts and remit funds in New Zealand dollars (on a dollar for dollar basis).\\ ​
  
 Funds can be remitted to the following bank accounts by cheque or direct credit. Funds can be remitted to the following bank accounts by cheque or direct credit.
Line 15: Line 17:
   * A/C **262327**   * A/C **262327**
  
-Note - for Australian Kingdom levy, you will be entering the amount into Xero as $1.10 per paying adult attendee. This is because the amount owed to Kingdom will be $1, and an additional 10% for GST must be collected from each attendee - however the extra $0.10 does not need to be paid on to Kingdom. When in doubt, trust the Xero reports and what the Exchequer tells you - but feel free to discuss the amount with the Exchequer as needs be, we all make mistakes!+Note - for Australian Kingdom levy, you will be entering the amount into Xero as multiples of $1.10 per paying adult attendee. This is because the amount owed to Kingdom will be multiples of $1, and an additional 10% for GST must be collected from each attendee - however the extra 10does not need to be paid on to Kingdom. When in doubt, trust the Xero reports and what the Exchequer tells you - but feel free to discuss the amount with the Exchequer as needs be, we all make mistakes!
  
 ==== New Zealand ==== ==== New Zealand ====
Line 39: Line 41:
 ===== Information on deposits ===== ===== Information on deposits =====
  
-When making electronic deposits, you should clearly indicate in the comment fields which group the deposit is from+When making electronic deposits, you should ​**clearly** indicate in the comment fields which group the deposit is from.
- +
-It is permissable to combine deposits, but in that case you should also indicate what the total is made up of ie : 116+24+52 +
- +
-When manually depositing a cheque, you should send a note to the exchequer and the relevant incorporated treasurer stating the above information.+
  
-Ideally you should make all of the deposits yourself at the relevant branch rather than mailing cheques ​to be deposited on your behalf.+It is not permissable ​to combine deposits as levies and insurance are paid into seperate accounts.
  
 +When depositing amounts it is also recommended to notify the country specific Board Treasuer and Exchequer.

Navigation
QR Code
QR Code Levy Payments (generated for current page)