Qualifying Expenditure definition

Qualifying Expenditure means, in respect of any Accounting Year or Accounting Half-Year, the aggregate of the costs, expenses and fees described in paragraph 1 of Annex 2 which are incurred during that Accounting Year or Accounting Half-Year, calculated in accordance with paragraphs 2 and 3 of Annex 2;

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Qualifying Expenditure means costs which we are satisfied have been reasonably and properly incurred and paid by you in delivering the Project, subject to the limitations in clause 21;

Qualifying Expenditure means an authorized payment from the

Examples of Qualifying Expenditure in a sentence

• It shall be the responsibility of the Recipient to ensure that the final reconciling statement covers all outstanding Qualifying Expenditure for which reimbursement may be claimed.

• No later than 60 days following expiry of that Financial Year, the Recipient shall submit to the Authority an Approved Claim Form in accordance with clause 6.1 to the value of the Accruals Claim Form, which will enable payment of the Qualifying Expenditure as forecast on the Accruals Claim Form.

• Where any Qualifying Expenditure in a claim, in the Authority’s reasonable opinion, is excessive having due regard to the purpose for which it was incurred, the Authority shall only be liable to reimburse so much (if any) of the Qualifying Expenditure which, in the Authority’s reasonable opinion after consultation with the Recipient, would reasonably have been required for that purpose.

• Any Qualifying Expenditure claimed outside of these dates may be deemed ineligible for Grant purposes.

More Definitions of Qualifying Expenditure

Qualifying Expenditure means, subject to the express provisions of this Schedule, expenditure incurred in a basis period which is—

Qualifying Expenditure means expenditure of a description prescribed by regulations made by the Welsh Ministers.

Qualifying Expenditure means capital expenditure incurred on qualifying machinery or plant by a person carrying on a trade;

Qualifying Expenditure means expenditure incurred by the individual on qualifying work carried out by a qualifying contractor on a qualifying residence;

Qualifying Expenditure means the amount which the Authority is satisfied has been reasonably and properly incurred and paid by the Recipient in executing the Works (excluding financial costs interest charges and VAT which is recoverable from HM Customs & Excise or any other person);

Qualifying Expenditure means expenditure—

Qualifying Expenditure means expenditure incurred by an employer, carrying on a trade or a profession, on the construction of a qualifying premises;