Bank charges eligible costs?

July 22nd, 2009 — unzalu

if in a SME action for the general interest of the project the SME pays the RTD performer before schedule, and this results in penalties to the SME – can this bank penalties be declared as eligible costs?

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Posted in Eligible & ineligible costs, taxation. 1 Comment »

One Response to “Bank charges eligible costs?”

  1. anonuk Says:
    July 28th, 2009 at 9:35 pm

    There is no list of ineligible costs, but the principles of the eligible costs in FP7, and experience of previous Framework Programmes, indicate that bank charges are not accepted. These costs could be avoided, paying on schedule or by taking into account wider liquidity/bank account issues. The auditors may view this as an excessive cost. I don’t see that the RTD Performer should share this cost.

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