Approve for the purposes of section 7(1) of the European Union Act 2011 the
decision of the Council of 26 May 2014 on the system of own resources of the
European Union; and to amend the definition of “the Treaties” and “the EU
Treaties” in section 1(2) of the European Communities Act 1972 so as to
include that decision.
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and
consent of the Lords Spiritual and Temporal, and Commons, in this present
Parliament assembled, and by the authority of the same, as follows:—
The Council decision of 26 May 2014 on the system of own resources of the EU
(2014/335/EU, Euratom), adopted under the third paragraph of Article 311 of
the Treaty on the Functioning of the European Union, is approved for the
purposes of subsection (1) of section 7 of the European Union Act 2011
(decisions requiring approval by Act).
In section 1(2) of the European Communities Act 1972, in the definition of “the
Treaties” and “the EU Treaties”, for paragraph (e) (Council decisions on EU’s system
of own resources) substitute—
the decisions of the Council of 7 May 1985, 24 June 1988, 31 October
1994, 29 September 2000 and 7 June 2007 on the Communities’
system of own resources, and the decision of the Council of 26 May
2014 on the EU’s system of own resources;”.”
The European Communities (Finance) Act 2008 (which is superseded by this
Act) is repealed.
(2) This Act extends to the whole of the United Kingdom.
This Act comes into force at the end of the period of 2 months beginning with
the day on which it is passed.
(4) This Act may be cited as the European Union (Finance) Act 2015.