European Union (Finance) Bill

Explanatory Notes

Overview of the Bill

1 The purpose of the European Union (Finance) Bill is to enable the United Kingdom to give effect to the new Own Resources Decision of the European Union (EU Council Decision of 26 May 2014: 2014/335/EU, Euratom), amending the arrangements for the financing of the annual budget of the EU.

Prepared 8th June 2015