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Amending budget No 3/2021: 2020 surplus

Kort overzicht 01-07-2021

Draft Amending Budget No 3/2021 (DAB 3/2021) to the European Union's 2021 general budget aims to enter as revenue in the 2021 budget the surplus resulting from the implementation of the 2020 budget. The 2020 surplus totals almost €1.77 billion (as compared to €3.2 billion in 2019, €1.8 billion in 2018 and €0.56 billion in 2017). It consists mostly of higher than expected revenues, plus under-spending on the expenditure side. Inclusion of the surplus will reduce the gross national income (GNI) contributions ...

Implementing the Own Resources Decision

Kort overzicht 22-03-2021

During its March II plenary session, the European Parliament is scheduled to vote on three Council regulations that complete the architecture of the revenue system of the EU budget. The consent procedure applies to the implementing measures, while legislative opinions (consultation procedure) are to be adopted on the operational provisions. Prior to the votes, Parliament will hold a joint debate on the broader reform of EU own resources, for which a roadmap and guiding principles have recently been ...

Addressing the VAT gap in the EU

Briefing 17-12-2020

Among indirect taxes, value added tax (VAT) has the highest share in the Member States' indirect taxation revenues and is an important source of income for the EU budget too. Therefore, estimations and actions to narrow the difference between expected and actual VAT revenues – the VAT gap – are important. According to the European Commission, the EU VAT gap stood at €140 billion in 2018 and could fall below €130 billion in 2019. However, Covid-19-related containment measures have hurt Member States ...

The European Commission has proposed to amend the 2020 budget, increasing the level of payment appropriations related to the 'global transfer' exercise, adjusting the revenue side, and budgeting expenditure adjustments related to the European Agriculture Guarantee Fund and some decentralised agencies. The overall proposed impact of Draft Amending Budget No 10/2020 (DAB 10/2020) is an increase in payment appropriations of €1 569.3 million. The European Parliament is set to vote on the Council's position ...

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. In the emergency European Recovery Instrument, “Next Generation EU”, put forward by the Commission EUR 500 billion are external assigned revenue. In 2021, contributions from “Next Generation EU” are planned to provide an additional EUR 211.3 billion of assigned revenue. in 2021, assigned revenue will surge to EUR 220 000 million in commitments and EUR 46 100 million in payments, from a total ...

When preparing the 2021-2027 multiannual financial framework, the European Commission proposed to strengthen the link between EU funding and respect for the rule of law. To this end, on 3 May 2018, the Commission presented a proposal for a regulation that would introduce a general rule of law conditionality into the EU's financial rules. Any Member State where a generalised rule of law deficiency is found could be subject to the suspension of payments and commitments, reduced funding and a prohibition ...

Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. The emergency European Recovery Instrument put forward by the Commission amounts to EUR 750 billion. Out of this EUR 750 billion, EUR 500 billion are external assigned revenue. Therefore, more than a third of the EU budget will be considered as assigned revenue in the EU budget. On assigned revenue, the European Parliament is excluded from the decision-making process. Given the size of the amount ...

Amending budget No 1/2019: 2018 surplus

Kort overzicht 13-09-2019

Draft Amending Budget No 1/2019 (DAB1/2019) enters the surplus resulting from implementation of the 2018 budget into the EU's 2019 budget. The 2018 surplus totals over €1.8 billion, as compared to €0.56 billion in 2017. It consists mostly of higher than expected revenues and underspending on the expenditure side. Inclusion of the surplus will reduce the Member States' contributions to the 2019 EU budget accordingly. The European Parliament is expected to vote on the Council position on DAB1/2019 ...

Tax policy, and the fight against tax fraud, have gained particular exposure over the past five years as a result of the light shed by repeated tax leaks and the related journalistic investigations. This has added to the increasing lack of acceptance of damaging tax practices, especially since the recession and the resulting budget constraints. The fight against tax fraud aims at recovering revenue not paid to the public authorities. It also aims at ensuring that fraudsters do not have an advantage ...

The workshop aimed to address topics concerning fully and partially self-financed agencies related to both BUDG and CONT committees’ competences. With regards of the agencies' resources, the workshop looked into the principles of fee setting, and 5% cut and the redeployment pool vs. the need to provide timely services to industry, which is paying for them. From the point of oversight, items for discussion included the question of discharge procedure for fully self-financed agencies, provisions for ...