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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

27 Jan 2020: The new Criminal Finances Act (CFA) 2017 will make companies and organisations including universities criminally liable if they fail to prevent tax evasion by either a member of their staff or an external agent, even where the organisation was not

18 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

27 Jan 2020: Specific process Reference To sign contracts in the course of ordinary business (for those funds they are responsible for) Fin Regs 6.1 Provide prior written consent for non-University commercial activities to be carried out Fin Regs 25.1 Approve

10 Dec 2020: The Enhanced Financial Transparency project (EFT), one of the Finance Transformation Programme’s (FTP) key projects, held two workshops with 38 staff members recently in order to capture key challenges faced by the University in financial planning.

24 Jul 2020: A major step towards creating a simpler, more user-friendly approach to how the University procures, purchases and pays for its goods, works and services was made this week (July 24) with the launch of Version 1 of the new Procurement Services

27 Jan 2020: Money laundering is the process of taking profits from crime and corruption and transforming them into legitimate assets. It takes criminally-derived ‘dirty funds’ and converts them into other assets so they can be reintroduced into legitimate

20 Jan 2020: January has seen the University move a step closer to transforming how employees process their expense claims as it has been agreed that expense system solution provider SAP Concur will take this work forward.

28 Jan 2020: The Head of Institution (HOI) is the Head of Department, the Chair of a Faculty not organised in departments, Directors of Non-School Institutions and UAS Divisions. It is their responsibility to ensure that University policies are implemented and

29 May 2020: The Finance Transformation Programme’s (FTP) Expense Management System project is progressing well and, with support from wider University user groups, a more user-friendly system is being developed.