Commission Regulation (EC) No 718/2007Show full title

Commission Regulation (EC) No 718/2007 of 12 June 2007 implementing Council Regulation (EC) No 1085/2006 establishing an instrument for pre-accession assistance (IPA)

Article 66U.K.Eligibility of expenditure

1.Expenditure under this component shall be eligible if it has been incurred after the procurements, contracts and grants have been signed, except in the cases explicitly provided for in Regulation (EC, Euratom) No 1605/2002.

2.In addition to the rules set out in Article 34(3), the following expenditure shall not be eligible:

(a)any leasing costs;

(b)depreciation costs.

3.By way of derogation from Article 34(3), it shall be decided on a case by case basis whether the following expenditure is eligible:

(a)operating costs, including rental costs, exclusively related to the period of co-financing of the operation;

(b)value added taxes, if the following conditions are fulfilled:

(i)

the value added taxes are not recoverable by any means;

(ii)

it is established that they are borne by the final beneficiary, and

(iii)

they are clearly identified in the project proposal[F1;]

[F2(c) costs relating to a bank guarantee or comparable surety to be lodged by the final beneficiary of a grant [F3;] ]

[F4(d) purchase of land and existing buildings when justified by the nature of the operation.]

Textual Amendments