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Taxes

Volume 885: debated on Wednesday 29 January 1975

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43.

asked the Secretary of State for Foreign and Commonwealth Affairs what progress he has achieved in the course of the EEC renegotiations in securing the agreement of other EEC members to the statement in the Government's White Paper that the taxes that form the so-called own resources of the Communities are not acceptable to the United Kingdom.

Heads of Government agreed in Paris that a correcting mechanism should be established to prevent unacceptable situations arising from the "own resources" system. That opens the way to what we are seeking in renegotiation, although there will no doubt be further hard negotiations on details of the mechanism.