Glossary
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value for money The term Value for Money refers to judgement on whether sufficient impact is being achieved for the money spent. |
rapport coût/réalisations |
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Value-Added Tax (VAT) Value-Added Tax (VAT) is 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. |
taxe sur la valeur ajoutée (TVA) |
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verification Verification means measures undertaken by FLC and the relevant programme bodies to ensure that co-financed products and services have been delivered and that expenditure declared has been paid, complies with applicable law, the Operational Programme and the conditions for support of the project. |
vérification |
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vocational training Vocational training is training that emphasizes skills and knowledge required for a particular job function (such as typing or data entry) or a trade (such as carpentry or welding). |
formation professionnelle |
