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Bob Loblaw

More Pain For Uk Taxpayers?

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Someone has to pay for Tony Blairs new Airbus 380 when he becomes president.

You cant expect to have all the advantages of the EU such as plentifull high paid work, cheap holidays, beer and fags, and not pay for it.

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Someone has to pay for Tony Blairs new Airbus 380 when he becomes president.

You cant expect to have all the advantages of the EU such as plentifull high paid work, cheap holidays, beer and fags, and not pay for it.

Blair Farce One?

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Seeing they have already printed £175bn to give to the banks, I'm sure they can print a couple more billion to give to the EU.

Easy Queasy.

Hmm. Do you really think that the EU parliament, with all the deep seeded hatred towards the UK, will want some of Brown/Darling/King's funny money? I have my doubts.

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So an extra £2.3bn is needed. Where is Darling going to find the money?

Darling doesn't need to find the money, every time you buy something with VAT attached to it a small % goes to Europe.

That's how it's funded.

Essentially it's not the Govt money, it's the EU's that we are collecting on their behalf.

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Darling doesn't need to find the money, every time you buy something with VAT attached to it a small % goes to Europe.

Wouldn't mind that so much. It's the very much larger amount going to the Westminster Club that really damages us.

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It says net, so theyll probably just cut stuff instead. That means no more funding for you, one legged lesbian dance troupe!

Net means (or should mean) a difference between payments and receipts. But there's no way they can know the latter yet. Bearing in mind the Torygraph is peddling a whopping great Agenda here, what's the betting their "net" figure just plain omits whatever may come the UK's way out of not-yet-committed money in areas like regional development?

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Darling doesn't need to find the money, every time you buy something with VAT attached to it a small % goes to Europe.

That's how it's funded.

Essentially it's not the Govt money, it's the EU's that we are collecting on their behalf.

If it's based directly on VAT receipts, why should the bill go up during a recession/depression, and why is it not denominated in pounds?

The fact that the liability is in euros could increasingly be a problem for us, though of course we don't have to pay...

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Guest absolutezero

The worst of it is they only accept the subscription fees in euros, so it'll cost us even more!

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If it's based directly on VAT receipts, why should the bill go up during a recession/depression, and why is it not denominated in pounds?

The fact that the liability is in euros could increasingly be a problem for us, though of course we don't have to pay...

http://www.eu4journalists.eu/index.php/dos...nglish/C91/391/

The European Union has its own resources to finance its expenditure. Legally, these resources belong to the Union. Member states collect them on behalf of the EU and transfer them to the EU budget.

There are three kinds of EU’s own resources:

* Traditional own resources (TOR) consist of duties that are charged on imports of products coming from a non-EU state (roughly 15% of total revenue, in 2007).

* The resource based on value added tax (VAT) is a uniform percentage rate that is applied to each member state’s harmonised VAT revenue (also roughly 15% of total revenue, in 2007).

* The resource based on gross national income (GNI) is a uniform percentage rate (0.73%) applied to the GNI of each member state. Although it is a balancing item, it has become the largest source of revenue and today accounts for some 70% of total revenue (2007).

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So the VAT/duty related element is the smaller part of the liability.

* The resource based on gross national income (GNI) is a uniform percentage rate (0.73%) applied to the GNI of each member state. Although it is a balancing item, it has become the largest source of revenue and today accounts for some 70% of total revenue (2007).

That's where the trouble is. Clearly they have to choose a particular (previous) year's GNI and exchange rate to do the assessment. In which case we're getting hit by a double whammy: lower GNI and worse exchange rate at the time the bill falls due.

I guess the good news is that next year's bill shouldn't be so big as our GNI will have fallen.

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