Wednesday, 24 January 2018, 7:30 AM

Site: Tempus DOIT
Course: Tempus DOIT (Home)
Glossary: Tempus FAQ List

B

Question:

Bank account for the project:

(Last edited: Thursday, 14 February 2013, 5:59 PM)
Answer:

There is no requirement for opening a specific bank account for the project, neither from the coordinator nor from the partners. It is recommended in order to follow the financial activity of the project.

C

Question:

Cost of stay costs – days of duration:

(Last edited: Thursday, 14 February 2013, 5:59 PM)
Answer:

The costs of stay can be calculated from the day of departure until the day of return. If the travel starts in the evening then for this day a half per-diem rate can be recorded. All the costs have to be recognized according to the budget that was allocated by the coordinator.

E

Question:

Equipment – keeping of equipment for audit purposes.

(Last edited: Thursday, 14 February 2013, 5:59 PM)
Answer:

Equipment can be put out of use when audit will take place. If this situation accrues there is no need to keep track on these items except invoice of purchase: The auditors will check the invoices that are proving that the purchase took place.

F

Question:

Financial expenses due to transfer of funds:

(Last edited: Thursday, 14 February 2013, 6:00 PM)
Answer:

All the expenses concerning transfer of funds between partners are recognizable for Tempus purposes and are to be recorded in project accounting records together with the relevant documentation (bank statement).

However – expenses of exchange to another currencies will not be recognized for Tempus purposes

I

Question:

Income from bank interest

(Last edited: Thursday, 14 February 2013, 6:00 PM)
Answer:

Income from bank must be reported to in the financial reports and will be deducted from the budget. Both the coordinator and the partners must report on this income.

P

Question:

Printing of materials in-house

(Last edited: Thursday, 14 February 2013, 6:01 PM)
Answer:

If the HEI's print the materials in-house, an internal invoice can be provided for this service.

R

Question:

Recoverability of VAT

(Last edited: Thursday, 14 February 2013, 6:02 PM)
Answer:

VAT is not a recoverable expense for Tempus purposes, unless the institution cannot recover it according to national legislation.

The documentation needed to provide to coordinator for recoverability of VAT:

EU partners – a declaration established by a national authority, such as Ministry of Finance.

Israeli partners – a format of EU signed by an external auditor.

Question:

Rent of office

(Last edited: Thursday, 14 February 2013, 6:03 PM)
Answer:

Rent of office room is not an eligible cost. The rent is acceptable on an exceptional basis for the organization of dissemination conference (prior authorization is required).

S

Question:

Sub-contracting for printing of dissemination material

(Last edited: Thursday, 14 February 2013, 6:03 PM)
Answer:

Costs of sub-contracting for printing materials can be included under the budget heading of "Printing and Publishing" with an invoice provided.