L 160/48 Official Journal of the European Union 28.6.2003 COMMISSION REGULATION (EC) No 1145/2003 of 27 June 2003 amending Regulation (EC) No 1685/2000 as regards the rules of eligibility for co-financing by the Structural Funds THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 1260/1999 of 21 June 1999 laying down general provisions on the Structural Funds ('), as amended by Regulation (EC) No 1447/2001 (3, and in particular Articles 30(3) and 53(2) thereof, After consulting the Committee set up pursuant to Article 147 of the Treaty, the Committee on Agricultural Structures and Rural Development, and the Committee on Structures for Fish- eries and Aquaculture, Whereas: (1) A common set of rules on eligibility is set out in the Annex to Commission Regulation (EC) No 1685/2000 of 28 of July 2000 laying down detailed rules for the implementation of Council Regulation (EC) No 1260/ 1999 as regards eligibility of expenditure of operations co-financed by the Structural Funds (°). That Regulation entered into force on 5 August 2000. (2)  However, experience has shown that the eligibility rules need to be amended in several regards. (3)  In particular, it is appropriate to recognise the eligibility of charges for transnational financial transactions in the context of assistance under Peace II and the Community initiatives, subject to deduction of interest received on payments on account. (4) It should also be made clear that payments into venture capital, loan and guarantee funds constitute expenditure actually paid out. (5) It should be made more explicit that the eligibility of VAT for co-financing does not depend on whether the final beneficiary is public or private. (6)  As regards rural development, it should be made clear that the rule whereby proof of expenditure may take the form of receipted invoices should apply, but without prejudice to specific rules established in Commission Regulation (EC) No 445/2002 of 26 February 2002 () OJ L 161, 26.6.1999, p. 1. () OJ L 198, 21.7.2001, p. 1. () OJ L 193, 29.7.2000, p. 39. laying down detailed rules for the application of Council Regulation (EC) No 12571999 on support for rural development from the European Agricultural Guidance and Guarantee Fund (EAGGF) (*), as amended by Regula- tion (EC) No 963/2003 (°), where standard unit costs for certain investments in the forestry sector have to be determined. (7)  For the sake of clarity and convenience, the Annex to Regulation (EC) No 1685/2000 should be replaced in its entirety. (8)  The regulatory provisions governing payments in venture capital, loan and guarantee funds, and the elig- ibility of VAT, have raised difficulties of interpretation. (99  Having due regard to the principle of equal treatment, and for the purpose of taking into account the costs attributable to transnational financial charges, the rele- vant rules should apply retroactively. (10)  The measures provided for in this Regulation are in accordance with the opinion of the Committee on the Development and Conversion of Regions, HAS ADOPTED THIS REGULATION: Atrticle 1 The Annex to Regulation (EC) No 1685/2000 is replaced by the text set out in the Annex to this Regulation. Atticle 2 This Regulation shall enter into force on the seventh day following that of its publication in the Official Journal of the European Union. The following points in the Annex shall be applicable from 5 August 2000: (a) in Rule 1, points 1.2, 1.3, 2.1, 2.2, and 2.3; (b) in Rule 3, point 1; (c) in Rule 7, points 1 to 5. () OJ L 74, 15.3.2002, p. 1. () OJ L 138, 5.6.2003, p. 32.