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European Funding

  • 09-05-2008 3:02pm
    #1
    Registered Users, Registered Users 2 Posts: 65 ✭✭


    Quick question on EU Funding. My company has just received some funding from the EC for 3 2 year projects. We will get 75% of the money up front and that will probably be in november/december and be around 800K. this will be received after we invoice several companies who we will then do the work for over the two years. how will this go in the books as I am assuming I wont have to pay tax on this money as I will be using it to pay staff etc for 2 years?

    Thanks


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