Common use of Eligible expenditure Clause in Contracts

Eligible expenditure. 5.1 Subject to clause 5.2, Eligible Expenditure consists of payments by the Grant Recipient during the Funding Period for the purposes of delivering the Project. Eligible Expenditure is net of VAT recoverable by the Grant Recipient from HM Revenue & Customs, and gross of irrecoverable VAT. 5.2 The following costs are not Eligible Expenditure:- a) payments for activities of a political or exclusively religious nature; b) payments that support activity intended to influence or attempt to influence Parliament, Government or political parties, or attempting to influence the awarding or renewal of contracts and grants, or attempting to influence legislative or regulatory action; c) payments for goods or services that the Grant Recipient has a statutory duty to provide; d) payments reimbursed or to be reimbursed by other public or private sector grants; e) contributions in kind (a contribution in goods or services as opposed to money); f) depreciation, amortisation or impairment of Fixed Assets owned by the Grant Recipient; g) interest payments (including service charge payments for finance leases); h) gifts to individuals, other than promotional items with a value no more than £10 a year to any one individual; i) entertaining payments (entertaining for this purpose means anything that would be a taxable benefit to the person being entertained, according to current UK tax regulations); j) statutory fines, criminal fines or penalties; k) liabilities incurred before the issue of this Funding Agreement unless agreed in writing by the Department; l) revenue costs (e.g. staffing costs)

Eligible expenditure. 5.1 6.1 Subject to clause 5.26.2, Eligible Expenditure consists of payments by the Grant Recipient during the Funding Period for the purposes of delivering the Project. Eligible Expenditure is net of VAT recoverable by the Grant Recipient from HM Revenue & Customs, and gross of irrecoverable VAT. 5.2 6.2 The following costs are not Eligible Expenditure:-Expenditure: a) payments for activities of a political or exclusively religious nature; b) payments that support activity intended to influence or attempt to influence Parliament, Government or political parties, or attempting to influence the awarding or renewal of contracts and grants, or attempting to influence legislative or regulatory action; c) payments for goods or services that the Grant Recipient has a statutory duty to provide; d) payments reimbursed or to be reimbursed by other public or private sector grants; e) contributions in kind (a contribution in goods or services as opposed to money); f) depreciation, amortisation or impairment of Fixed Assets owned by the Grant Recipient; g) interest payments (including service charge payments for finance leases); h) gifts to individuals, other than promotional items with a value of no more than £10 a year to any one individual; i) entertaining payments (entertaining for this purpose means anything that would be a taxable benefit to the person being entertained, according to current UK tax regulations); j) statutory fines, criminal fines or penalties; k) liabilities incurred before the issue of this Funding Agreement unless agreed in writing by the DepartmentDMT; l) revenue costs (e.g. staffing costs)the acquisition or improvement of Fixed Assets by the Grant Recipient;