UCL Financial Regulations - Hospitality and Gifts

47. All unsolicited goods, vouchers, or payments received from suppliers or their agents (i.e. anything other than goods and services officially ordered) are the property of UCL.  Where the value of such a gift exceeds £25, the member of staff is required to inform the Director of Finance and Business Affairs immediately.
48. Hospitality received, which goes beyond refreshment appropriate to the circumstances, shall be declared to the Director of Finance and Business Affairs.
49. The Director of Finance and Business Affairs shall maintain a Register of notified hospitality and gifts received.
50. On those occasions where hospitality is provided to visitors or to members of staff, expenditure should be reasonable and appropriate to the circumstances and, wherever possible, in-house catering facilities should be used.

This page last modified March 22, 2013 by Web Editor.