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  1. Capital Purchases (Fixed Assets) and Long-Term Revenue Commitments

    Capital expenditure represents funds invested in acquiring, upgrading and constructing fixed assets. A fixed asset is a resource the University controls and from which we can expect to derive future economic benefit for more than one year. Expenditure for any other purpose is revenue.

  2. P60s

    A P60 is issued to employees at the end of a tax year. The tax year runs from 6 April to 5 April the following year.

  3. HERA

    HERA is an analytical job evaluation scheme which has been specifically designed to support the analysis of the roles found in Higher Education.