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4 Sep 2015: The B Sources of Funds are used where costs are initially paid by the University but on the basis that they will be reimbursed from an external source who was party to the initial expense. There are two main examples of this. Salaries and related

6 Aug 2015: No VAT is charged on stamps or franking machine charges. See goods and services charged without VAT in the UK.

6 Aug 2015: The Purchasing module (which includes iProcurement) is used to create purchase orders (POs) on UFS. This in turn creates a commitment. When the order is matched to an invoice, this becomes an actual expense.

6 Aug 2015: Passenger transport e.g. rail fares, air tickets are zero-rated and no VAT is charged on the purchase. See Goods and services charged without VAT in the UK.

31 Mar 2015: The 'P' sources of funds are used for funding received specifically or approved for buildings. Funding Funding is handled through the GL and AR modules. Funding is collected to match the expenditure on a project.

6 Aug 2015: As a rule of thumb for costing purposes calculating a rate of 5% is usually reasonably accurate.

6 Aug 2015: Food (not catering) is usually zero-rated and should be entered on CUFS using the tax code 'No UK VAT', but there are a few exceptions on which you will be charged VAT at the standard rate - see section Sales/Income in the UK, Food for standard

6 Aug 2015: Insurance is exempt from VAT though it is liable to another tax called Insurance Premium Tax (IPT). IPT should be treated as part of the overall cost of the insurance and not separately identified or treated as VAT, and the tax code entered as 'No

4 Sep 2015: Summary reports The departmental and Schools or Group reports present summary information under the following headings, each of which is reported in a separate column: income expenditure overdrawn or cash in hand money on deposit CUEF other

6 Aug 2015: AR module closes at 5pm on Thursday 15 August ON THIS PAGE Summary of tasks to complete Key dates AR module Cash and cheque receipts Receipt batches BACS receipts, bank transfers and unclaimed PDQ receipts Internal AR invoices External invoicing -

4 Sep 2015: Each year, most (but not all) departments have traditionally received an amount of money to support the core salaries and running costs of their department. This is known as Chest Allocation. AAA*: Chest non-pay Principally AAAA, this is the Source

2 Apr 2015: Anonymous and low value donations Where donations of less than £50, or anonymous donations up to £100k (but see Receipt of donations - cash donations), are received then it is acceptable for departments to process these themselves on UFS.

6 Aug 2015: If you hire a room then room hire is normally exempt from VAT and this should be entered on CUFS using the tax code 'No UK VAT'.

6 Aug 2015: Certain supplies of goods and services to the disabled are eligible for VAT relief. In order to be able to claim the relief you will need to issue a certificate of eligibility to the supplier of the goods or services. This certificate can be found

1 Apr 2015: At year end, departments should follow the year end timetable issued by the Finance Division and ensure that all Trust Fund transactions are processed before the GL closes. Additionally, they should be prepared to make adjustments in the final

17 Aug 2015: Having established your approach and the timetable, a decision should be made regarding the most appropriate collection method. Customer account statements Statements should be scheduled and sent out at the start of each month to allow the customer

9 Oct 2015: University level reporting University level management accounts and financial statements are presented in a format consistent with the Statement of Recommended Practice: Further and Higher Education (the SORP). For periods up to 31 July 2015, the

6 Aug 2015: The main corporation tax relief applying to the University is an exemption available to charitable bodies on any profits arising on charitable activity.

6 Aug 2015: Areas that are non-charitable and therefore could give rise to a tax charge include: the provision of consulting; testing facilities; or sales of goods that are not "educational". Where a department undertakes such activity and it generates a pr