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20/11/2008 - FP7 Overheads leaflet published.

Indirect Costs (also known as Overheads) can be claimed in FP7 Projects in addition to any Direct Costs.

For R&D projects and Networks of Excellence, Beneficiaries must select one of the following overhead calculation methods: 20% flat rate, 60% derogation rate (Note: 60% derogation rate will be reduced for calls after 1 Jan 2010), or Actual Costs. The EC preference is that overheads are calculated either via the Simplified or Analytical Accounting method described in the “Guide to Financial Issues relating to FP7 Indirect Actions”. Both of these methods are known as “Actual Costs” calculations of overheads.

 

The Finance Helpdesk has produced a leaflet which explains:

·          The Different Overhead Methods;

·          The Difference between Simplified and Analytical accounting methods;

·          Correctly Applying Overhead Rates to FP7 R&D projects.

 

To view the leaflet click here.


 

Tools & Templates
22/10/2013
23.09.2013 - FP7 Book by Mr Myer Morron (FREE) V2.17
02/01/2012
02/01/2012 - FP7 Proposal Finance Spread Sheet V1R
09/12/2007
09/12/2007 - Issues surrounding 60% Derogation Overhead Rate for SMEs
28/10/2007
23/10/2007 - Recording Hours Guidelines For FP7 Projects
28/10/2007
15/10/2007 - How to Deal With VAT & Taxes In FP7 Projects
28/10/2007
29/08/2007 - How to Calculate Man Months and Man Month Rates
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