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BUFDG Annual Report 2024-25

Find out about what we achieved last year

Read the report and watch the highlights video

 

FEHE SORP regional workshops and webinar recording

Various dates

To support preparations for the FEHE SORP (effective from 1 January 2026 and expected to be published in August 2025), a webinar and series of regional workshops are being hosted by KPMG's Accounting Advisory Services team throughout May and June. The recording of the recent webinar is available to the public, so any auditors or FE accountants can view it. And we are now holding a series of workshops around the country for BUFDG members to come and hear more about the SORP, ask questions, and discuss. Starting on 20 May, the workshops are being held in Leeds, Edinburgh, Birmingham, Bristol, London, and Belfast.

Finance and other systems used in universities

We've gathered information from our members about which financial and other systems they use, and captured the finance system for 123 universities/higher education providers, plus the systems/software used for payroll, expenses, CT returns, VAT returns, and global mobility for many of them.

 

News

Procurement Value Survey 2023-24 Results Report

14/05/2025

Ashley Shelbrooke

PVS results report FY 2023-24

BUFDG Digest 7 May 2025

07/05/2025

Amanda Darley

BUFDG Annual Report 2024-25, naming and shaming universities may be back, CUBO benchmarking report, what the public thinks of university fees, alternative funding models, SFC funding for shared services in research, FEHE SORP update and workshops, Tax Conference, and much more...

BUFDG Digest 23 April

23/04/2025

Joni Rhodes

New Commission on Students in Higher Education, OfS updates, preparing for SORP regional workshops announced, updates from the Banking Engagement Forum, Tax Conference CPD certification, purchase order centralisation and more...

All news

BUFDG E-learning

Did you know? BUFDG has an extensive suite of over 50 CPD-certified e-learning modules, covering a huge range of HE finance topics. These are free to access with your BUFDG website account.

Upcoming Events

Employment Status Roundtable

21/05/2025

Online via MS Teams - 10:00-11:00

A member-only roundtable where you can share your experiences of current IR35/employment status issues, processes, etc with your fellow higher education colleagues.

BUFDG Financial Statements webinar (21 May)

21/05/2025

Online via MS Teams - 10am-12pm

The Financial Reporting Group (FRG) together with the audit firms will be delivering their annual Financial Workshop on-line.  

Time to Talk - Certificates of Coverage with HMRC

21/05/2025

Online via MS Teams - 11:30-12:30

HMRC will present a training session on the application for Certificates of Coverage, specifically for the higher education sector.

 

VAT Education Exemption in EU Member States

KPMG has provided an overview for BUFDG members of the ability for UK universities to qualify for the education exemption in certain EU countries.

Download the document

2024 Financial Statements webinar resources

The 2024 Financial Statements webinars were held in May 2024. The slides and recording are now available for members to access.

Access the recording and slides

Termination Payments Guidance

This guidance sets out the tax implications of payments and benefits provided to employees on the termination of their employment.

Read the Guide here

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