Article 32 Ineligible costs

United Kingdom

The following shall not be regarded as eligible:

(a)

any cost incurred for actions which benefit from aid under other Community financial instruments;

(b)

exchange rate losses;

(c)

unnecessary or wasteful outlays;

(d)

distribution expenses and marketing and advertising expenses to promote products or commercial activities;

(e)

any provisions for possible future losses or liabilities;

(f)

any debtor interest and interest on borrowed capital;

(g)

bad debts.

Certain of the costs referred to in point (d) may, however, be considered eligible as agreed with the Commission.

The non-eligible costs referred to in paragraph 1 shall not be considered by the Commission for the calculation of the total programme cost.