Legal provisions of COM(1975)410 - - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
dossier | COM(1975)410 - . |
---|---|
document | COM(1975)410 |
date | May 17, 1976 |
Contents
ARTICLE 1
ARTICLE 2
( A ) THE PER CAPITA GROSS NATIONAL PRODUCT ( GNP ) OF THE MEMBER STATE IS LESS THAN 85 % OF THE AVERAGE PER CAPITA GNP FOR THE COMMUNITY ;
( B ) THE GROWTH RATE OF THE PER CAPITA GNP IN REAL TERMS OF THE MEMBER STATE IS LESS THAN 120 % OF THE AVERAGE RATE FOR THE COMMUNITY ;
( C ) THE PAYMENTS MADE BY THE MEMBER STATE TO THE BUDGET OF THE COMMUNITIES FOR THE FINANCIAL YEAR IN PROGRESS PURSUANT TO DECISION 70/243/ECSC , EEC , EURATOM OF 21 APRIL 1970 ON THE REPLACEMENT OF FINANCIAL CONTRIBUTIONS FROM MEMBER STATES BY THE COMMUNITIES' OWN RESOURCES ( 2 ) , EXCEED BY MORE THAN 10 % THE AMOUNT IT WOULD HAVE TO PAY IF THE PART OF THE BUDGET COVERED BY THE AFOREMENTIONED DECISION WERE FINANCED BY THE MEMBER STATES ON THE BASIS OF THE PROPORTION OF THEIR GNP TO THE TOTAL GNP OF THE MEMBER STATES FOR THE SAME FINANCIAL YEAR .
THE FIGURES REFERRED TO IN ( A ) AND ( B ) SHALL BE CALCULATED , AS MOVING AVERAGES , FROM THE RESULTS FOR THE PREVIOUS THREE YEARS .
THE CALCULATIONS PROVIDED FOR IN THIS ARTICLE SHALL BE MADE USING CURRENT MARKET EXCHANGE RATES .
ARTICLE 3
( A ) THE EXCESS AMOUNT DETERMINED IN ACCORDANCE WITH ARTICLE 2 ( C ) SHALL BE DIVIDED INTO TRANCHES EQUAL TO 5 % OF THE AMOUNT REFERRED TO IN ARTICLE 2 ( C ) IN FINE ; FOR THE TRANCHES THUS OBTAINED , THE PAYMENT SHALL BE AS FOLLOWS :
TRANCHES PAYMENT
_ FROM 0 TO 5 % ... NIL
_ FROM 5 * 0001 % TO 10 % ... 50 %
_ FROM 10 * 0001 % TO 15 % ... 60 %
_ FROM 15 * 0001 % TO 20 % ... 70 %
_ FROM 20 * 0001 % TO 25 % ... 80 %
_ FROM 25 * 0001 % TO 30 % ... 90 %
_ ABOVE 30 % ... 100 %
( B ) THE PAYMENT MAY IN NO CASE EXCEED THE SMALLER OF THE FOLLOWING TWO AMOUNTS :
_ THE NET TRANSFERS FROM THE MEMBER STATE DURING THE FINANCIAL YEAR IN PROGRESS UNDER ARTICLE 38 OF FINANCIAL REGULATION 73/91/ECSC , EEC , EURATOM ( 3 ) , REGARDLESS OF NET PAYMENTS MADE TO THAT STATE UNDER THIS REGULATION ; PAYMENTS RECEIVED BY THE MEMBER STATES DURING THE FINANCIAL YEAR IN PROGRESS SHALL INCLUDE PAYMENTS MADE ON ITS BEHALF BY OTHER MEMBER STATES AS MONETARY COMPENSATORY AMOUNTS PAID PURSUANT TO ARTICLE 2A OF COUNCIL REGULATION ( EEC ) N 974/71 OF 12 MAY 1971 ON CERTAIN MEASURES OF CONJUNCTURAL POLICY TO BE TAKEN IN AGRICULTURE FOLLOWING THE TEMPORARY WIDENING OF THE MARGINS OF FLUCTUATION FOR THE CURRENCIES OF CERTAIN MEMBER STATES ( 4 ) ;
_ THE PAYMENTS BY THE MEMBER STATE TO THE BUDGET OF THE COMMUNITIES FOR THE FINANCIAL YEAR IN PROGRESS IN RESPECT OF VALUE ADDED TAX OR PURSUANT TO ARTICLE 4 ( 2 ) AND ( 3 ) OF DECISION 70/243/ECSC , EEC , EURATOM .
ARTICLE 4
_ THE PAYMENTS BY THE MEMBER STATE TO THE BUDGET OF THE COMMUNITIES IN RESPECT OF VALUE ADDED TAX OR PURSUANT TO ARTICLE 4 ( 2 ) AND ( 3 ) OF DECISION 70/243/ECSC , EEC , EURATOM ;
_ THE AMOUNT WHICH THAT STATE WOULD HAVE HAD TO PAY ON THE BASIS OF THE PROPORTION OF ITS GNP TO THE TOTAL GNP OF THE MEMBER STATES TO FINANCE THE PART OF THE BUDGET NOT COVERED BY THE OWN RESOURCES REFERRED TO IN ARTICLE 2 OF DECISION 70/243/ECSC , EEC , EURATOM .
ARTICLE 5
ARTICLE 6
_ 250 MILLION UNITS OF ACCOUNT ;
_ 3 % OF THE TOTAL EXPENDITURE CHARGEABLE TO THAT FINANCIAL YEAR UNDER ARTICLE 17 OF COUNCIL REGULATION ( EEC , EURATOM , ECSC ) N 2/71 OF 2 JANUARY 1971 IMPLEMENTING THE DECISION OF 21 APRIL 1970 ON THE REPLACEMENT OF FINANCIAL CONTRIBUTIONS FROM MEMBER STATES BY THE COMMUNITIES' OWN RESOURCES ( 5 ) .
SHOULD THE TOTAL AMOUNT OF THE PAYMENTS CALCULATED IN ACCORDANCE WITH THIS REGULATION EXCEED THE ABOVE CEILING , THE PAYMENTS SHALL BE REDUCED PROPORTIONATELY .
ARTICLE 7
AFTER THE REVENUE AND EXPENDITURE ACCOUNT HAS BEEN DRAWN UP , AND AS SOON AS IT HAS AT ITS DISPOSAL THE FINAL DATA REFERRED TO IN THIS REGULATION , THE COMMISSION SHALL , ON THE BASIS OF THIS DATA , CALCULATE THE FINAL AMOUNT OF THE PAYMENT AND DETERMINE SUCH ADJUSTMENTS AS MAY BE NECESSARY .
ARTICLE 8
ARTICLE 9
ARTICLE 10
IT SHALL BE APPLICABLE FOR A TRIAL PERIOD OF SEVEN YEARS . NOT LATER THAN THE END OF THE SIXTH YEAR , THE COMMISSION SHALL REPORT TO THE COUNCIL ON THE APPLICATION OF THE FINANCIAL MECHANISM AND MAKE SUITABLE PROPOSALS , IF NECESSARY .
THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .
DONE AT BRUSSELS , 17 MAY 1976 .
FOR THE COUNCIL
THE PRESIDENT
R . VOUEL