payments approved by Approved signatories register for all of assets. council. Minimum 2 council on bank mandate. future assets Ineffective signatories on cheques. purchased. reporting. Qualified internal and external audit reports. Finance Compliance Medium Penalties and/or Use external advice when VAT returns and Ensure VAT period with HMRC fines for late necessary. Submit initial workings. Payroll in the accounts is regulations 2 returns, errors VAT return when £100 submission closed off after on submissions reached then at least confirmations. preparing the VAT etc. annually. Submit payroll end return. Reputational of year returns online, on risk and adverse time. Internal and external publicity. audit review. Finance Budgets Medium Council receives Council prepares detailed Annual budget . supporting less funding budget in late Autumn. statements of annual 2 than is required Precept determined directly council, with precept to meet its from this budget. Actual minuted approval. obligations and expenditure versus budget Budget versus objectives. reported to Council actual statements quarterly. with minuted approval.
of assets. Ineffective reporting. Qualified internal and external audit reports. payments approved by council. Minimum 2 council signatories on cheques. Approved signatories on bank mandate. register for all future assets purchased. Finance Compliance with HMRC regulations Medium 2 Penalties and/or fines for late returns, errors on submissions etc. Reputational risk and adverse publicity. Use external advice when necessary. Submit initial VAT return when £100 reached then at least annually. Submit payroll end of year returns online, on time. Internal and external audit review. VAT returns and workings. Payroll submission confirmations. Ensure VAT period in the accounts is closed off after preparing the VAT return. Finance Budgets supporting annual precept Medium 2 Council receives less funding than is required to meet its obligations and objectives. Council prepares detailed budget in late Autumn. Precept determined directly from this budget. Actual expenditure versus budget reported to Council quarterly. Annual budget statements of council, with minuted approval. Budget versus actual statements with minuted approval. .
pc-risk-assessment.docx