UK PAYS EU £583 MILLION AFTER CUSTOMS RULING ON CHINESE IMPORTS

On 30 June, the BBC reported that the UK has paid the European Commission €678 million over a long-running dispute with the EU over fraud on imported Chinese clothing, and follows a ruling from the EU’s top court that the UK failed to pass on the correct amount of tax to the EU for imports between 2011 and 2017.  The Commission had sued the UK for €2.7 billion in 2018.  HM Treasury said that the UK was liable for interest payments of 16% plus the Bank of England base rate on any outstanding amount, and it said it was paying this amount to “protect UK taxpayers from significant continued interest accrual”.

https://www.bbc.com/news/uk-politics-62001446

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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