Inflation and VAT in your costings - STFC

All costings should be at current prices, with no allowance for inflation. An allowance for inflation may be included if a grant is awarded.

The funds awarded will include any costs in respect of VAT, or other taxes, payable on the purchase of goods and services by the research organisation or assessed as due on the work carried out.

No additional payments will be made in respect of such taxes. All monetary values referred to in STFC guidance for applicants are inclusive of VAT, and other taxes, unless otherwise stated.

Last updated: 17 August 2021

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