Treasurers: In Depth
- Compliance Challenge Week 4 | |
 | Treasurer Training Day: Sat 28 Feb, (10am - 4.30pm) | | Our annual online day is for both Chairpersons and Treasurers, since they share legal responsibility for compliance.
The timetable is set out below so you can attend those sessions most important to you.
The day closes with a Q&A for any compliance / data protection queries you may have.
10.00 Introduction to Compliance
10.45 Data Protection for Treasurers
11.30 How to Check and Record Donations
12.15 (Lunch)
13.00 Preparing your Annual Accounts
13.45 Reporting to your Executive
14.30 Banking for Treasurers
15.15 Treasurers and Election Campaigns
15.45 Corporation Tax + General Q&A with the Team
16.30 (End)
Email compliance@libdems.org.uk to register for the Zoom link. | |
Council Groups and Tithes | | Success in the local elections means more Lib Dem councillors. Here’s what you need to know about council groups and tithing. | | | |
 Bequests
Did you know that legacies are subject to permissibility checks? Please read on for our advice to Treasurers about what to do when their party / group receives a bequest.
It’s crucial we get this right and act promptly. The process can be time-consuming; there is a tight reporting deadline and it involves significant sums of money. | Missing Donation Reports | | Donation reports (including nil returns) are due by the 10th of the following month.
The Liberal Democrats have a commitment to the Electoral Commission, that we have measures in place for complying with financial reporting.
The Party’s Escalation Policy concerns overdue / missing donation reports. Our guide details the process for HQ, the party / group concerned and their respective region / state. | | | |
Managing Branches | | Find out how to deal with branches in terms of banking and the accounts. | | | | | Budgets and Reporting | | Click below for our presentation on budgets and reporting to your Exec. It covers what they are; why budgets are needed; what information is required, plus timescales and examples. | | | |
 | Corporation Tax | | The situation is still developing so we are working on updating our guidance. We aim to have this ready for you in our March compliance email.
To check if your local party or group was written to by HMRC, please click here.
Do also refer to our FAQs on Corporation Tax below: | | | |
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Simon Drage
Deputy Head of Technology and Compliance
Liberal Democrats
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