Payment & Revenue Services
Outline of Work
Context
The services listed below must be available to all schools and must support the statutory responsibilities of the schools and Devon County Council. This will include the provision of guidance notes, inclusive of, or with reference to, polices and legislation. Schools that have these services supplied by external providers will become part of the Local Payments Scheme
Under the provisions of this scheme schools are responsible for:
(a) the timely payment of creditors in accordance with the provisions of the Late Payment of commercial Debts (Interest) Act 1998 (PDF);
(b) the timely payment of all staff and compliance with all relevant tax, national insurance and superannuation legislation;
(c) the proper management of debtors and the collection of cash;
(d) timely and accurate accounting for VAT;
(e) the correct application of the Construction Industry Scheme regulations ;
(f) compliance with Financial Regulations;
(g) meeting the costs of any failure to comply with statute or common law where applicable;
(h) compliance with the Charities Acts ; and
(i) maintenance of appropriate records.
Statistics
Number of schools - 368
Payment transactions including staff expenses – 140,000 per annum
Income transactions – revenue raise around 4500 transactions for schools per annum
Relevant Legislation and Policy
Devon County Council, Financial Regulations , policies and guidance
National and European legislation in respect of taxation, data protection and freedom of information.
Schools Local Payment Scheme policy and guidance incorporating the School Standards and Framework Act 1998
Fidelity guarantee equal to that held by the Council
Statutory Requirements
Return of information and payment of money to the Council or Government agencies as required
Systems compliant with current legislation and updated for future changes
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