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European Community (Member States' Contributions)

Volume 957: debated on Thursday 9 November 1978

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asked the Chancellor of the Exchequer what is his current estimate in terms of £ sterling at the current rate of exchange, of the amount that each member State of the EEC would contribute under the proposed own resources system of finance (a) from levies, duties and other charges on imports and (b) the 1 per cent. of notional VAT yield.

It is extremely difficult to predict member States' hypothetical contributions under the full own resources system. However, the Commission of the European Communities presents at various times its own estimates for the forthcoming budget year, based on information supplied by member States. Its most recent estimates were contained in its letter of amendment to the 1979 preliminary draft budget—R/2356/78—which was deposited in the House on 18th October. In terms of sterling, converted at the rate of 1·5875 EUA=£1 used by the Commission in drawing up the PDB, the relevant amounts are:

£ million
Agricultural levies and customs duties1 per cent. of VAT harmonised base
United Kingdom9871,040