European_Communities_(Finance)_Act_2008

European Communities (Finance) Act 2008

European Communities (Finance) Act 2008

United Kingdom legislation

The European Communities (Finance) Act 2008 (c. 1) is an Act of the Parliament of the United Kingdom. It was given Royal Assent and became law on 19 February 2008.[3]

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Passage

The legislation was introduced to the House of Commons as the European Communities (Finance) Bill by the Chancellor of the Exchequer, Alistair Darling, on 7 November 2007.[2] The Bill was read for the third time in the House of Commons on 15 January 2008 and passed to the House of Lords with a vote of 309 for to 208 against.[5]

Effect

The Act passes into UK law the decisions on the European Union budget taken at the European Council meeting of December 2005 as recorded in the Council's Decision of 7 June 2007 on the system of the European Communities’ own resources.[6][7] It does this by amending the introductory paragraph of the European Communities Act 1972 to include reference to the 7 June 2007 decision.[8] The Act supersedes and repeals the European Communities (Finance) Act 2001.[9]

On 22 May 2008, in answer to a Parliamentary question by Lord Burnett, Lord Davies of Oldham provided an estimate on the additional costs to Her Majesty's Treasury as a result of the Act. The total cost was estimated at between £6.3 billion and £7.2 billion for the financial period 2007 to 2013.[10]

See also

References

  1. [1]
    The citation of this Act by this short title is authorised by section 2(2) of this Act.
  2. [2]
    "HC Hansard Volume 467 Part 2 Column 142". Hansard. Parliament of the United Kingdom. 7 November 2007. Retrieved 30 August 2008.
  3. [3]
    "HL Hansard Volume 699 Part 50 Column 125". Hansard. Parliament of the United Kingdom. 19 February 2008. Retrieved 30 August 2008.
  4. [4]
    The Interpretation Act 1978, section 4(b)
  5. [5]
    "HC Hansard Volume 470 Part 31 Column 895". Hansard. Parliament of the United Kingdom. 15 January 2008. Retrieved 30 August 2008.
  6. [6]
    "European Communities (Finance) Bill 2007-08". Parliament of the United Kingdom. Retrieved 30 August 2008.
  7. [7]
    "Council's Decision of 7 June 2007 on the system of the European Communities' own resources" (PDF). Official Journal of the European Union. 50 (L163). EUR-Lex: 17–21. 23 June 2007. ISSN 1725-2555. Retrieved 30 August 2008.
  8. [8]
    European Communities (Finance) Act 2008, Section 1
  9. [9]
    European Communities (Finance) Act 2008, Section 2
  10. [10]
    "HL Hansard Volume 701 Part 98 Column WA214". Hansard. Parliament of the United Kingdom. 22 May 2008. Retrieved 31 August 2008.
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