EC Guidance following recent audit

The Research Offive has received the official findings from the EC external audit conducted by Ernst and Young.  There were a few areas where costs have been disallowed, which we would like to bring to your attention:

1. VAT on travel expenses.  This is not an allowable expense on EC grants.
2. Time spent by employees on other activities not related to the grant e.g. Excel Training is not an allowable expense 
3. If costs of equipment have been prorated then the cost of additional support relating to this equipment should be prorated in the same way
4. College Fees are not eligible

In addition it is important to remember that only actual costs are eligible on EC grants therefore pooled labour and average costing will not pass a financial audit.

Should you have any queries please contact your School team at the Research Office.