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 Title
Series Details (2018) 326 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 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, on the European Union Emissions Trading System and on Plastic packaging waste that is not recycled.

The proposed Regulation complements Council Regulation (EU, Euratom) No 609/2014, which will continue to apply to the existing three Own Resources: Traditional Own Resources, a modified version of the Value Added Tax-based Own Resource and the Own Resource based on the Gross National Income.

Source Link https://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2018:326: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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Countries / Regions