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8 Aug 2023: This policy is owned by the Director of Finance on behalf of the Finance Committee. Heads of Institution are responsible for ensuring that all expense claims are in line with this policy, the Annex: How to apply the policy, and the related

26 Nov 2015: Receipt of data to HR Contracts Teams and Payroll Month Deadline for Departments for HR Amendments & Appointments Deadline for Departments for Payroll (i.e.

26 Nov 2015: Current areas of concern Fraudulent HMRC e-mails Fraudulent e-mails are being circulated relating to Her Majesty's Revenue & Customs (HMRC). In all cases the e-mails state that a tax refund has been calculated for an individual and provides a link

19 Jan 2015: Welcome to the Finance Division in this section you will find : The Finance Division Handbook (see Welcome pages) - which provides an overview of the division's structure and a summary of who does what and where Maps and directions as to how to find

19 Dec 2019: Fraudsters are trying to push their stock of forged £20 notes in advance of the new Polymer £20 coming out in February. Follow Barclays guidance below to help avoid accepting a forged note.

7 Jul 2020: The latest round up of news from the Finance Division is available from the UFS website but below is a summary of items that were included in the 7th July edition.

1 Aug 2023: The Annex to this policy provides additional information for claimants, setting out details of expenses that are appropriate to incur whilst on University business. The Financial Procedures Manual, Chapter 5b, gives further information and possible

28 Jul 2023: The provision of hospitality, especially that provided externally, must be for the benefit of the University. Examples of business benefit situations This section forms part of the Employee Expenses policy. Any deviations from the policy must adhere

19 Jan 2015: National Insurance (NI) thresholds Class 1 NICs Thresholds Figures to use 2024-25 Lower earnings limit (LEL) £123 per week £533 per month £6,396 per year Primary Threshold (PT) £242 per week £1,048 per month £12,570 per year Secondary

26 Nov 2020: On demand courses These are live courses run on Teams, places must be booked in advance How to Excel - Parts 1 and 2 (for finance staff) This course will enable the participants to practice existing spreadsheet skills and develop more advanced

2 Nov 2015: Please contact for technical issues accessing either the catalogue, Cognos or UFS or, running the reports themselves ufsenquiries@admin.cam.ac.uk for new or requests for amendments to existing reports FSG.System.Support@admin.cam.ac.uk

28 Feb 2022: Over the last decade, investment in Finance has not kept pace with the growth and the increasing complexity of the University. We’re addressing this through the Finance Transformation Programme (FTP), which will ultimately shape and enhance

18 Aug 2015: Search site. Finance Division. Training documentation and FAQs. Submitted by Helen Bailey on Tue, 18/08/2015 - 11:23. Link:. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best

26 Jun 2023: Overnight accommodation should only be booked where the employee cannot reasonably be expected to make a return journey on the same day. Accommodation for absences of extended duration Where possible, regulated accommodation should be booked and

23 Jun 2020: The latest issue of the Finance Weekly Bulletin is now available from the UFS website. A summary of this week’s items is given below and Key Contacts are requested to share this information with staff in their departments as appropriate.

17 Aug 2015: Search site. Finance Division. Establishing the Right Price to Charge (Full Economic Costing). ... In addition to establishing the full economic cost of an activity, institutions must consider the price which can be charged, bearing in mind the effect on

16 Jun 2020: The latest issue of the Finance Weekly Bulletin, No. 816, is now available from the UFS website. A summary of this week’s items is given below and Key Contacts are requested to share this information with staff in their departments as appropriate.

10 Jun 2020: The latest issue of the Finance Weekly Bulletin, No. 815, is now available from the UFS website. A summary of this week’s items is given below and Key Contacts are requested to share this information with staff in their departments as appropriate.

6 Mar 2017: From 6 April 2017 new rules will apply to payments made to limited companies largely controlled by a single individual where they provide services to the University, or Agencies providing such resource to the University. For further information and

29 Jan 2019: Online Personal Tax Accounts (PTA) have been available for all PAYE employees since December 2015. The accounts are a secure and simple way for you to manage tax affairs online and many queries you might otherwise contact payroll about could be

25 Apr 2016: Search site. Finance Division. Consultancy services. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best use of the site:. 2024 University of Cambridge.

19 Jan 2015: The 2024-25 tax rates are: UK-wide tax allowances (UK) Basic rate 20% on annual earnings above the PAYE threshold and up to £37,700 Higher rate 40% over £37,701 to £125,140 Additional rate 45% over £125,140 and above Rates for Scotland (S Prefix)

18 Sep 2018: You must be logged in with Raven to use this form. By clicking the "save draft" button, at the bottom of this form, you will be able to save a part completed form prior to submission. If you have a previously saved draft of the form you wish to

25 Nov 2014: 18 Obtaining Goods, Services or Construction Works 18.1 Expenditure of £2,000,000 or above on capital items (inclusive of VAT) requires the consent of the Planning and Resources Committee. 18.2 Value for money in purchasing is normally demonstrated

6 Feb 2015: The Tax Team is responsible for ensuring that the University pays the right amount of tax. To do this, we make sure that we pay tax when it is properly due, but also make sure that we claim any reliefs that are available to us as a charity or

19 Jan 2015: Income Tax allowances 2020/21 2021/22 2022/23 2023/24 2024/25 Personal Allowance - those born after 5 April 1948 £12,500 £12,570 £12,570 £12,570 £12,570 - those born between 6 April 1938 and 5 April 1948 - - - - - - those born before 6 April

12 Apr 2016: Please bear with us…..although the technical development of the Financial Reports Catalogue is largely complete, there is still some way to go with finalising the content in line with user feedback and in refining the number of reports.

19 Jan 2015: All foreign staff commencing employment must complete a Starter Checklist form, which should be sent to the Payroll Section. Download the Starter Checklist here. This form is designed to be completed online. Please ensure you complete both the

15 Jul 2020: A significant milestone has been reached in the University's financial systems landscape as the Planning and Resources Committee (PRC) recently approved the CUFS (Cambridge University Finance System) software upgrade from Oracle 12.1.3 to the latest

28 Jul 2023: When employees are travelling on business and are more than five miles from both their normal place of work and home, they are allowed to claim for the meals that they purchase for their own personal consumption (subject to the rates below), this is

20 May 2022: The new expense system, Concur, will be one of the first visible improvements delivered by the University's Finance Transformation Programme (FTP). Following a successful, year-long pilot, the Finance Division is ready to share it with the University

6 Feb 2015: Sales These are the University’s Terms and Conditions which apply to all sales of goods and services made by the University unless otherwise stated or agreed between the parties, as well as our General Conditions of Contract terms for purchases of

26 Oct 2015: These pages set out procedures and provide additional information for claimants, approvers, department administrators and finance staff in interpreting the policy. The policy and its annex must be referenced for context.

6 Feb 2015: Status 2023/2024 May 2024 June 2024 Accounts Payable CLOSED OPEN Accounts Receivable CLOSED OPEN Purchasing CLOSED OPEN Grants CLOSED OPEN Inventory CLOSED OPEN Fixed Assets CLOSED OPEN General Ledger CLOSED OPEN

28 Jul 2022: The Finance Division has already rolled out the new expense system, Concur, to around 75% of staff, which is a fantastic achievement given that the main rollout started in May. Concur is a more efficient and more compliant way to reclaim

18 Apr 2017: A new version of the UFS Purchase Order will be available from today (Tuesday 18th April). This is as a result of the work initiated by Procurement Services in consultation with the Finance User Group over the last 18 months.

3 Sep 2015: Reports available Summary of standard Cognos reports available to departmental users in both GL and Grants.

1 Dec 2020: Virtual classroom courses These are live courses run on Teams, places must be booked in advance VAT and the University This session provides you with a simple overview of the basics and how VAT applies to the University.

12 Apr 2016: Taking account of feedback received two new ‘filters’ have been added into the Report Catalogue so that users can further restrict their searches to help find relevant reports.

1 Aug 2023: It is expected that, in most cases, business costs would be incurred by the institution as opposed to individual members of staff. This section details some of the main types of business expenses which may be incurred in exceptional circumstances,

26 Nov 2020: Virtual classroom courses These are live courses run on Teams, places must be booked in advance Budgeting 1 - Introduction to budgeting in the University This session covers the theory and practice of budgeting in the University, how to interpret

6 Feb 2015: The Anti-Bribery Policy is a key area of concern for the Audit Committee because non-compliance could result in prosecution of the University for failure to prevent bribery, including, in extreme cases, prosecution of senior managers.

6 Jul 2022: Search site. Finance Division. Test Page. test. Printer-friendly version. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best use of the site:. 2024 University of Cambridge.

25 Nov 2014: Schedule 1 – Competition Procedures Schedule 2 – Definition, Advice and Guidance

24 Jul 2017: On this page: Year-end Presentation Year End Video Guides Year-end Additional Presentations Year-end video presentation The 2024 Finance Year End Presentation took place on 11th June at 10am. You can watch the recording above or by clicking here.

19 Jan 2015: From 6 April 2013 form P38(S) was withdrawn from use. From this date students are treated in the same way as all other employees for Income tax and National Insurance contributions purposes. A Starter Checklist form should be completed in place of

1 Dec 2020: Online courses These are online courses, available at any time. Book a place to start the course immediately. Petty Cash This short online course will provide you with an overview of the way petty cash operates.

26 Nov 2021: On 22 November the Finance Division successfully delivered a major upgrade to CUFS (Cambridge University Finance System) from Oracle 12.1.3 to the latest version R12.2.10.

17 Mar 2020: During the first two weeks of March, the Finance Transformation Programme (FTP) has been feeding back the results of its Discovery Phase to key stakeholders and those who took part in the engagement activity. One of the feedback sessions was

25 Nov 2014: This chapter is currently being updated Introduction to VAT It is the responsibility of Heads of Departments to ensure that their Department accounts correctly for VAT and, where appropriate, corporation tax1.