Proposal for a Council Regulation laying down implementing measures for the system of Own Resources of the European Union

Author (Corporate)
Series Title
Series Details (2018) 327 final (02.05.18)
Publication Date 02/05/2018
Content Type

The European Commission on 2 May 2018 proposed a pragmatic, modern, long-term budget for the 2021-2027 period. The package of proposals was set out in the Communication 'A modern budget for a Union that protects, empowers and defends. The Multiannual Financial Framework 2021-2027'.

Further information:

The purpose of this proposal is to repeal and replace Council Regulation (EU, Euratom) No 608/2014, which lays down implementing measures for the system of Own Resources of the European Union. The implementing measures included in this proposal follow the current system while adapting it to the new landscape of multiple and new Own Resources.

The proposal includes provisions of a general nature that are applicable to all types of Own Resources, and mainly cover matters of control and supervision of revenues, including relevant reporting requirements and the related powers of Commission inspectors.

It is in the interests of the Union and its Member States to ensure that the system of Own Resources works well, so the control and inspection measures are designed to allow smooth cooperation between the Union bodies and the Member States. In addition, provisions for which appropriate parliamentary oversight is particularly important have been included in this proposal.

Source Link https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:327:FIN
Related Link(s)
European Commission: Press Release, 02.05.18: EU budget: Commission proposes a modern budget for a Union that protects, empowers and defends http://europa.eu/rapid/press-release_IP-18-3570_en.htm
EPRS: Briefing: EU Legislation in Progress, November 2018: Own resources of the European Union: Reforming the EU's financing system (COM (2018)325-328) http://www.europarl.europa.eu/RegData/etudes/BRIE/2018/630265/EPRS_BRI(2018)630265_EN.pdf

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