Value added tax (VAT)
A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. Only VAT which is non-recoverable under national VAT legislation may be an eligible expenditure.
Value for money
Term referring to judgement on whether sufficient impact is being achieved for the money spent.
Concerning multi-module projects, at the end of each module, the MA/JS will perform a verification of the activities carried out and the deliverables produced by the project in order to check their compliance with the requirements established and to pass to the next module.
- Tags : evaluation, assessment