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BUDGET 2025

What does it mean for universities?

Read our Budget Special TaxHE Newsletter here

 

FEHE SORP 2026 published

The new FEHE SORP was published on 3 November 2026, and is available to download now from the Universities UK website along with additional guidance. Those implementing the FEHE SORP (effective from 1 January 2026) can visit BUFDG's SORP Knowledge Hub for information, support, and resources. These include a webinar hosted by KPMG's Accounting Advisory Services team in May 2025 outlining the most crucial updates, the implications of the changes, and practical guidance on how to address them. Our practical 'Ready, Set, SORP' guide is a useful read for those planning implementation, including a handy checklist. Many of these resources are available without a BUFDG login, so any auditors or FE accountants can view them. BUFDG members can also sign up for the next SORP Implementation Forum to discuss the changes and implications involved in the adoption of the 2026 SORP with others.

Visit the FEHE SORP Knowledge Hub

Tax and the new FEHE SORP

To accompany the new FEHE SORP we've published a guide that provides a simplified overview of the accounting changes to help you assess the potential impacts on your organisation if you are responsible for VAT and Corporation Tax .

 

News

BUFDG Digest 17 December

17/12/2025

Matt Sisson

Lots of 2026 events, merger lessons, Scottish and Welsh visitor levies, tax implications of the SORP, government anti-corruption strategy, and more...

Procurement Value Survey 2024/25

04/12/2025

Ashley Shelbrooke

The 2024/25 PVS is now open!

BUFDG Digest 3 December

03/12/2025

Amanda Darley

Budget, lots of research announcements, new investment recordings, Level 6 apprenticeships and much 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

VAT/Imports/Exports Issues Surgery (Member-Only)

07/01/2026

Online via MS Teams - 09:30-10:30

Simon Twells from the University of Warwick and Andrea Marshall from BUFDG will facilitate round table discussions on current VAT/import/export issues that members are facing. 

TNE Series - Big Picture - China

12/01/2026

Online via MS Teams - 11am-12pm

The first in a series of TNE roundtables - this is a high-level strategy discussion based meeting on activities in China, designed for Heads of Finance/ CFOs, Heads of Procurement/Tax, Deputy Directors).

Visitor Levy in England - discussion regarding joint respons...

12/01/2026

Online via MS Teams - 14:00 -15:00

At the Autumn Statement, the Chancellor announced that HMT and the Ministry of Housing, Communities and Local Government would be issuing a consultation on the introduction of a Visitor Levy in England.

 

Cost Saving Measures

Potential cost-saving measures Finance Directors and CFOs can consider when exploring new ways to manage costs effectively without compromising the quality of education and services in the face of ongoing financial pressures.

Download the document

2025 Financial Statements webinar resources

The 2025 Financial Statements webinars were held in May 2025. 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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