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Finance Weekly Bulletin No. 815 | Finance Division
https://www.finance.admin.cam.ac.uk/news/finance-weekly-bulletin-no-81510 Jun 2020: Banking information required for new Individuals and Students (who are not already on Payroll). -
HMRC Personal Tax Accounts | Finance Division
https://www.finance.admin.cam.ac.uk/payroll/hmrc-personal-tax-accounts29 Jan 2019: Your PTA can also be used to:. Print proof of you National Insurance number (handy for new employees completing new starter checklists). -
Finance Weekly Bulletin No. 816 | Finance Division
https://www.finance.admin.cam.ac.uk/news/finance-weekly-bulletin-no-81616 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. -
Changes to Off-Payroll worker rules | Finance Division
https://www.finance.admin.cam.ac.uk/news/changes-payroll-worker-rules6 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 -
Tax rates and bands | Finance Division
https://www.finance.admin.cam.ac.uk/payroll/tax-rates-and-bands19 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) -
New legal entities and amendments to existing entities | Finance…
https://www.finance.admin.cam.ac.uk/policy-and-procedures/new-legal-entities-and-amendments-existing-entities15 Oct 2021: a) Assign leads:. Departmental sponsor for new entity. Departmental point person - responsible for Finance Committee paperwork. ... a) Create a common platform if knowledge:. Synopsis of need for new entity/change. -
Consultancy services | Finance Division
https://www.finance.admin.cam.ac.uk/systems/reporting/consultancy-services25 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. -
F. Purchasing | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-regulations/f-purchasing25 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 -
Income Tax allowances | Finance Division
https://www.finance.admin.cam.ac.uk/payroll/income-tax-allowances19 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 -
The Tax Team | Finance Division
https://www.finance.admin.cam.ac.uk/staff-and-departmental-services/tax-team6 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 -
Key finance system upgrade approved | Finance Division
https://www.finance.admin.cam.ac.uk/news/key-finance-system-upgrade-approved15 Jul 2020: Early next year will see the teams testing, configuring and showing users the new software. ... This will allow the new software to be launched and gives time to iron out any potential technical problems before December 2021 when -
We’re changing the way staff claim expenses | Finance Division
https://www.finance.admin.cam.ac.uk/news/were-changing-way-staff-claim-expenses20 May 2022: Submitted by nl407 on Fri, 20/05/2022 - 09:50. The new expense system, Concur, will be one of the first visible improvements delivered by the University's Finance Transformation Programme ... Starting this month, Finance will be launching the new system -
Reporting Catalogue ... next steps | Finance Division
https://www.finance.admin.cam.ac.uk/news/reporting-catalogue-next-steps12 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. -
FD3 Employment Status form | Finance Division
https://www.finance.admin.cam.ac.uk/fd3-employment-status-form18 Sep 2018: Before the University engages a new supplier, for the provision of personal services, we assess whether self-employed individuals or people providing services through companies should be deemed to be employees -
Expenses roll out is making great progress | Finance Division
https://www.finance.admin.cam.ac.uk/news/expenses-roll-out-making-great-progress28 Jul 2022: Embracing new ways of working to better support our staff and academic mission . ... The new expenses system is one of the suggestions made through ourcambridge programme. -
Terms and Conditions | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/terms-and-conditions6 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 -
Financial procedures - employee expenses | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/financial-procedures-employee-expenses26 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. -
Current status of UFS modules | Finance Division
https://www.finance.admin.cam.ac.uk/key-dates-and-rates/current-status6 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 -
Meals and subsistence: expenses policy | Finance Division
https://www.finance.admin.cam.ac.uk/employee-expenses-policy/annex/meals-and-subsistence28 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 -
Guidance and training | Finance Division
https://www.finance.admin.cam.ac.uk/systems/reporting/guidance-and-training3 Sep 2015: Reports available Summary of standard Cognos reports available to departmental users in both GL and Grants. -
Taxation | Finance Division
https://www.finance.admin.cam.ac.uk/training/managing-departmental-finances/taxation1 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. -
Anti-Bribery and Corruption training | Finance Division
https://www.finance.admin.cam.ac.uk/Compliance/anti-bribery-and-corruption-training6 Feb 2015: New staff should complete the training in their first few months. -
Transaction codes | Finance Division
https://www.finance.admin.cam.ac.uk/training/docs/ufs-codes/transaction-codes9 Mar 2016: Purchasing Pay Sales /Income Purchasing transaction codes These are four characters in length and generally begin with an E followed by a category code. Where the category code is less than three characters UFS adds a "Z" as the fourth character -
I. Commercial Activity | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-regulations/i-commercial-activity25 Nov 2014: Search site. Finance Division. I. Commercial Activity. 25.1. Apart from core teaching, research and the organisation of conferences, when a new income-generating or trading activity is set up (whether ... 27.2. Heads of Department shall in respect of -
Students working during holidays | Finance Division
https://www.finance.admin.cam.ac.uk/payroll/students-working-during-holidays19 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 -
Budgeting | Finance Division
https://www.finance.admin.cam.ac.uk/training/managing-departmental-finances/budgeting-026 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 -
Test Page | Finance Division
https://www.finance.admin.cam.ac.uk/training/managing-departmental-finances/excel/test-page6 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. -
Other business expenses: expenses policy | Finance Division
https://www.finance.admin.cam.ac.uk/employee-expenses-policy/annex/other-business-expenses1 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, -
Schedules | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-regulations/schedules25 Nov 2014: Schedule 1 – Competition Procedures Schedule 2 – Definition, Advice and Guidance -
Year-end presentations plus Q&A sessions | Finance Division
https://www.finance.admin.cam.ac.uk/Year-end-2024_presentations_and_QA_sessions24 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. -
Finance system upgrade – the continuity platform for FTP | Finance…
https://www.finance.admin.cam.ac.uk/news/finance-system-upgrade-continuity-platform-ftp26 Nov 2021: The upgrade will allow CUFS to remain fully supported while a new system is explored, developed and implemented through the Financial System Replacement project (FSR) - a major component of the FTP. ... The new software is mostly ‘like for like’ and -
Cash handling | Finance Division
https://www.finance.admin.cam.ac.uk/training/managing-departmental-finances/cash-handling1 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. -
FTP Discovery Phase feedback session webinar | Finance Division
https://www.finance.admin.cam.ac.uk/news/ftp-discovery-phase-feedback-session-webinar17 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 -
Chapter 9 - VAT and Other Taxes | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-9-vat-and-other-taxes25 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. -
Imports - what do Departments need to do to prepare? | Finance…
https://www.finance.admin.cam.ac.uk/news/imports-what-do-departments-need-do-prepare18 Nov 2020: From 1 January 2021, the way that we pay import VAT is changing. When the EU/UK transition period ends on 31 December 2020, imports from countries in the EU will be subject to the same customs controls and VAT rules as imports from the rest of the -
Providing access to transparent financial information | Finance…
https://www.finance.admin.cam.ac.uk/news/providing-access-transparent-financial-information10 Dec 2020: The FTP team is currently gearing up to submit a business case to the Planning and Resources Committee in the New Year to enable the EFT project to move forward. -
Emergency Purchasing Procedures | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/emergency-purchasing-procedures9 Dec 2019: Once the system is reinstated the use of this emergency purchase order should cease and new orders generated as normal. -
Complaints Procedure | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/complaints-procedure25 Nov 2014: The Finance Division aims to provide a high quality and efficient service to all customers. We listen to both positive and critical comments and use them to improve our services, so if you have views about our services and the way they are provided, -
First impressions of the Finance Transformation Programme | Finance…
https://www.finance.admin.cam.ac.uk/news/first-impressions-finance-transformation-programme20 May 2022: Earlier this month, Ravi shared his first impressions of his new role, his priorities, and what it’s like to work for the University. ... It won’t all be easy though. We know we’re going to face significant cultural and technical challenges as we -
CIMA | Finance Division
https://www.finance.admin.cam.ac.uk/training-and-development/professional-qualification/cima6 Feb 2015: CIMA - The Chartered Institute of Management Accountants CIMA is the world's largest and leading professional body of management accountants with 203,000 members and students in 173 countries. -
ACCA | Finance Division
https://www.finance.admin.cam.ac.uk/training-and-development/professional-qualification/acca6 Feb 2015: ACCA - The Association of Chartered Certified Accountants ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, with 162,000 members and 428,000 students. -
Finance forges ahead on its roadmap to the future | Finance Division
https://www.finance.admin.cam.ac.uk/news/finance-forges-ahead-its-roadmap-future26 Jun 2020: new generation of smart and stable processes and systems.”. ... All of the above, combined with the feedback we are actively seeking from our wider finance user community, will feed into creating a new vision for Finance which will be articulated -
A. Preliminary | Finance Division
https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-regulations/preliminary25 Nov 2014: Terms in capitals are defined in Schedule 2 where necessary to aid interpretation. The Council is responsible for the supervision and management of University resources and finances. -
Reporting tools | Finance Division
https://www.finance.admin.cam.ac.uk/training/finance-systems/reporting-tools6 Feb 2015: Cognos introduction . This introductory course is designed for new reporters - covering everything from running a report successfully as well as a number of useful tips and shortcuts. ... They are ideal for use as a refresher or for training new staff -
Air travel: expense policy | Finance Division
https://www.finance.admin.cam.ac.uk/employee-expenses-policy/annex/business-travel/by-air2 Aug 2023: This table forms part of the Employee Expenses policy. Any deviations from the policy must adhere to the key principles and be authorised by the Head of Institution. It is to be applied in conjunction with the Business Travel values, and, where -
Expense Management System update and roll out plan | Finance Division
https://www.finance.admin.cam.ac.uk/news/expense-management-system-update-and-roll-out-plan29 May 2020: Where possible, the team is continuing their work in developing and refining the new system to ensure it fully meets the University's needs and the roll-out to pilot departments ... If any departments are interested in testing the new system prior to the -
Additional overseas travel costs: expenses policy | Finance Division
https://www.finance.admin.cam.ac.uk/employee-expenses-policy/annex/additional-overseas-travel-costs28 Jul 2023: When coming to the UK to take up a new role with the University, employees can obtain a loan towards the costs via the Visa Loan Scheme. -
Exam Structure | Finance Division
https://www.finance.admin.cam.ac.uk/training-and-development/professional-qualification/acca/exam-structure6 Feb 2015: To qualify as an ACCA member, you will need to complete: exams - a minimum of five of 15/14 exams (nine are eligible for exemption) experience - record 36 months' experience in a relevant role You will need to have a workplace mentor Fundamentals -
Scheduled central processes | Finance Division
https://www.finance.admin.cam.ac.uk/key-dates-and-rates/scheduled-central-processes26 Nov 2015: Process for 2023/24 Completed Scheduled Indirect Cost Contribution (or ICCs.) 3rd June 1st July Monthly Payroll 24th May 25th June Bad debt provision 3rd June 1st July CUEF distribution 11th June 9th July Deposit interest 11th June 9th July -
Use of employee's own vehicle: expenses policy | Finance Division
https://www.finance.admin.cam.ac.uk/employee-expenses-policy/annex/business-travel/own-vehicle2 Aug 2023: This table forms part of the Employee Expenses policy. Any deviations from the policy must adhere to the key principles and be authorised by the Head of Institution. It is to be applied in conjunction with the Sustainable Business Travel values, and,
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