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Research and technological development (FP7)

It is very important that no taxes are claimed against grants that have been made under the EU Seventh Framework Programme for research and technological development (also known as Framework 7 or abbreviated to FP7), the European Union’s chief instrument for funding research over the period 2007 to 2013.

Where reimbursement of expenditure is sought for work carried out under an FP7 grant, any  identifiable taxes (often, but not limited to, VAT) must not be claimed against the FP7 finance code.

Rather, the amount net of all taxes can be claimed against the FP7 finance code, and the taxes portion of the claim should be claimed against another non-FP7 finance code.

FP7 expense claims will therefore usually have a requirement to split the expenditure against two or more finance codes. You should contact the budget holder if you require assistance or more information surrounding this.