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payments [2018/09/02 08:37]
exchequer [Information on deposits]
payments [2018/10/30 20:04] (current)
exchequer [Levy Payments]
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 ====== 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.
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   * 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 ====

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