Proposal for a Council Regulation on the methods and procedure for making available the Own Resources based on the Common Consolidated Corporate Tax Base, on the European Union Emissions Trading System and on plastic packaging waste that is not recycled, and on the measures to meet cash requirements

Author (Corporate)
Series Details COM (2018) 326
Publication Date 02/05/2018
Content Type

Summary:

Legislative proposal - adopted by the European Commission in May 2018 - which lays down rules on calculating and making available to the European Commission the Own Resources of the Union. It also sets the calculation of the applicable rate of the Own Resources based on Gross National Income (GNI).

Further information:

Council Decision 2014/335/EU sets outs the general provisions of the own resources system. Unlike MFF regulations, the Own Resources Decision applies indefinitely rather than for specific multiannual periods. However, the withdrawal of the United Kingdom from the European Union and the potential contribution of the revenue side of the EU budget to wider EU objectives made the case for a new decision to be adopted for the post-2020 period. The purpose of this proposal is to lay down provisions necessary to determine the methods and procedure whereby Member States make the new Own Resources available to the Commission. These new Own Resources are based on the Common Consolidated Corporate Tax Base (CCCTB), on the European Union Emissions Trading System (EU ETS) and on Plastic packaging waste that is not recycled.

The proposed Regulation was put forward by the European Commission on 2 May 2018 as part of the initial legislative package launching discussions on the Multiannual Financial Framework (MFF) for 2021-2027. This draft law required adopted by the Council of the European Union after consulting the European Parliament and the European Court of Auditors (ECA).

Source Link https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:326:FIN
Related Link(s)
Commentary and Analysis
EPRS: Briefing, April 2018: Post-2020 MFF and own resources: Ahead of the Commission's proposal http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2018)620240
EPRS: Briefing, November 2018: Own resources of the European Union: Reforming the EU's financing system http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2018)630265
EPRS: At a Glance, February 2019: The next MFF and Own Resources http://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_ATA(2019)621800

Official
European Parliament: Legislative Observatory: Procedure File for Proposal on making available the own resources based on the common consolidated corporate tax base, on the European Union emissions trading system and on plastic packaging waste that is not recycled, and measures to meet cash requirements https://oeil.secure.europarl.europa.eu/oeil/popups/ficheprocedure.do?lang=en&reference=2018/0131(OLP)
EP: Legislative Train: Legislative package for the system of Own Resources of the European Union after 2020 http://www.europarl.europa.eu/legislative-train/theme-new-boost-for-jobs-growth-and-investment/file-mff-post-2020-own-resources/06-2019

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