Act of Parliament | |
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 7 June 2007 of the Council on the Communities' system of own resources. |
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Citation | 2008 c. 1 |
Introduced by | Alistair Darling [2] |
Territorial extent | United Kingdom |
Dates | |
Royal assent | 19 February 2008 [3] |
Commencement | 19 February 2008 [4] |
Repealed | 21 September 2015 |
Other legislation | |
Repealed by | European Union (Finance) Act 2015 |
Relates to | European Communities Act 1972 European Communities (Finance) Act 2001 |
Status: Repealed | |
History of passage through Parliament | |
Text of statute as originally enacted | |
Revised text of statute as amended |
Part of a series of articles on |
UK membership of the European Union (1973–2020) |
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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]
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]
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]
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