Finance


Changes to the Financial Procedures – 2017

On 19 June 2017, the University’s Finance Committee agreed some changes to our Financial Procedures.

Probably the most important was a clarification of our policy on paying for alcoholic drinks via expenses. The new wording is:

“The University will pay for one alcoholic drink per person per night when staff are on University business, a “drink” being no more than a single glass of wine or pint of beer. This rule applies regardless of the source of funds and covers all types of University business, including subsistence (when staff are away on University business) and business entertainment (when non-University staff are present). While overseas, staff must comply with all local laws on the consumption of alcohol.” (Financial Procedure 7.67)

This will apply to all expenses claims made since 19 June 2017.

The main change apart from this was to include the new rules (from 6th April) on taxing contractors working through Personal Service Companies. For more info on this, see the PSCs section of the website.

The other changes are mainly technical or update policies which have been amended recently - for full details, see the detailed list of changes to the financial procedures.

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