- European Communities (Finance) Act 2008
Infobox UK Legislation
short_title= European Communities (Finance) Act 2008
parliament=Parliament of the United Kingdom
long_title=An Act to amend the definition of “the Treaties” and “the Community Treaties” in section 1(2) of the European Communities Act 1972 so as to include the decision of 7th June 2007 of the Council on the Communities' system of own resources.
statute_book_chapter=2008 c. 1
Alistair Darlingcite web|url=http://www.publications.parliament.uk/pa/cm200708/cmhansrd/cm071107/debtext/71107-0003.htm|title=HC Hansard Volume 467 Part 2 Column 142|date=7 November 2007|work= Hansard|publisher= Parliament of the United Kingdom|accessdate=2008-08-30]
territorial_extent=England and Wales; Scotland; Northern Ireland
royal_assent=19 February 2008cite web|url=http://www.publications.parliament.uk/pa/ld200708/ldhansrd/text/80219-0001.htm#08021985000011|title=HL Hansard Volume 699 Part 50 Column 125|date=19 February 2008|work=
Hansard|publisher= Parliament of the United Kingdom|accessdate=2008-08-30]
commencement=19 February 2008
related_legislation=European Communities Act 1972
European Communities (Finance) Act 2001
The European Communities (Finance) Act 2008 (2008 c. 1) is an Act of the
Parliament of the United Kingdom. It was given Royal Assentand became law on 19 February 2008.
Passage of the bill
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. The Bill was read for the third time in the House of Commons on 15 January 2008 and passed to the House of Lordswith a vote of 309 for to 208 against. [cite web|url=http://www.publications.parliament.uk/pa/cm200708/cmhansrd/cm080115/debtext/80115-0019.htm|title=HC Hansard Volume 470 Part 31 Column 895|date=15 January 2008|work= Hansard|publisher= Parliament of the United Kingdom|accessdate=2008-08-30]
Effect of the Act
The Act passes into UK law the decisions on the European Union budget taken at the
European Councilmeeting of December 2005 as recorded in the "Council's Decision of 7 June 2007 on the system of the European Communities’ own resources". [cite web|url=http://services.parliament.uk/bills/2007-08/europeancommunitiesfinance.html|title=European Communities (Finance) Bill 2007-08|publisher= Parliament of the United Kingdom|accessdate=2008-08-30] [cite journal|date=23 June 2007|title=Council's Decision of 7 June 2007 on the system of the European Communities’ own resources|journal= Official Journal of the European Union|publisher= EUR-Lex|volume=Volume 50|issue=L163|pages=pp. 17-21|issn=1725-2555|url=http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2007:163:0017:0021:EN:PDF|format=PDF|accessdate=2008-08-30] It does this by amending the introductory paragraph of the European Communities Act 1972 to include reference to the 7 June 2007 decision. [European Communities (Finance) Act 2008, Section 1] The Act supersedes and repeals the European Communities (Finance) Act 2001. [European Communities (Finance) Act 2008, Section 2]
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 Treasuryas 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. [cite web|url=http://www.publications.parliament.uk/pa/ld200708/ldhansrd/text/80522w0002.htm#08052263000016|title=HL Hansard Volume 701 Part 98 Column WA214|date=22 May 2008|work= Hansard|publisher= Parliament of the United Kingdom|accessdate=2008-08-31]
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