Practical information about EU projects. Part 3 – Financial correction or reduction – the consequences of irregularities in an EU project

After a short break, we invite you to read the 3rd part of the series created by Dr Anna Kulińska, a specialist in the legal complexities of EU funds. This time the author examines the subject of financial corrections, deductions and reimbursements in EU projects. It is a natural continuation of the issues taken up in the second part entitled “(In)bad image of the control of EU projects”. “(Un)bad image of the control of EU projects”.

In the latest edition of the series, we answer a number of questions related to the issue of financial corrections and reimbursements imposed on a beneficiary who has obtained European funds for the implementation of a project which is the subject of a funding agreement, such as:

• What is a financial correction?
• What are the grounds for imposing a financial correction?
• Who imposes a financial correction?
• Is a correction without irregularities possible?
• Does the project continue despite the correction or refund?