Saturday, December 11, 2021
As a general rule, all project partners have to keep all supporting documents relating to the project for a five-year period (known as a ‘retention period’) from 31 December of the year in which the MA/JS made the last payment to the lead partner.¹ For example, if the...
Saturday, December 11, 2021
A project partner that co-financed a productive or infrastructure investment from the project budget has to follow specific rules. Within five years of the final payment to the project the partner must not make¹: ¹ REGULATION (EU) 2021/1060, Art 65(1) [ a) a cessation...
Saturday, December 11, 2021
N.3.1 De commitment and financial planning The European Commission pays the EU funds to the MA/JS only in accordance with the corresponding budget commitments of the Programme. If EU funds are not spent in accordance with the defined schedule the European Commission...
Saturday, December 11, 2021
N.1.1 Reimbursement principle The Programme pays the projects based on the principle of reimbursement. This means that each project partner pre-finances its own project expenditure and requests a reimbursement of the Programme co-financing via a partner report. Based...
Saturday, December 11, 2021
Controllers are responsible for verification of real costs declared under the following cost categories: [ CAT 4 External expertise and services costs, [ CAT 5 Equipment costs, [ CAT 6 Costs for infrastructure and works. The MA/JS will check¹ that designated...
