Britain Faces ?70m Monthly Fine Over EU Tax Bill Payment Refusal

[super jumbe]

Britain Faces ?70m Monthly Fine Over EU Tax Bill Payment Refusal

The European Union will hit Britain with a ?70m monthly fine due to its refusal to pay an extra ?1.7bn in tax, which Brussels is demanding by the beginning of next month.

The EU charges an annual interest rate of 52% and Brussels has warned that Britain faces ?823m (?1bn, $1.3bn) in fines if it has not paid its tax bill by the beginning of next month.

"All these corrections have to be reimbursed by 1 December," said a European Commission spokesperson.

"Everybody has to pay what is due. If payment is not made by 1 December then there is the process of interest rates."

Last month, the EU declared that the UK would have to pay ?1.7bn in extra tax to the bloc after Brussels' statistics agency Eurostat assessed all members' economic performances over the last 20 years, and readjusted what it thinks countries should be contributing in tax, in line with stronger growth.

The UK already pays an annual net contribution of ?8.6bn to the EU and this payment would add a fifth to this amount.

The new demand for payment from the UK is likely to fan the flames for anti-EU support as France and Germany are due for a rebate while Britain will have to cough up more cash.

https://uk.news.yahoo.com/britain-faces-70m-monthly-fine-over-eu-tax-061621181--finance.html

[super jumbe]

Only 2 option left David, pay or get the hell out…PAY

[Meat-Head]

https://m.youtube.com/watch?v=GqH21LEmfbQ

well as a DK member I would never have one million in my life so tough titty

[GastonJ]

Dave won't mind not paying, the fines and interest are not coming out of his pocket, so won't give a ck *shrug* As usual though I'm sure the comics will blame the EU for the extra cost rather than the cupid stunt who's costing more by not getting it sorted out sooner as he should have done.

It comes after Prime Minister David Cameron last month vowed to not pay the “completely unacceptable” bill which he warned will reduce the chances of Britain staying in the EU.
The extra budget demand follows EU finance chiefs reviewing Britain’s gross national income (GNI) wealth from 1995 to 2013 and found its economy to be doing better than forecast.

Meant to ask, does that mean Dave will support anyone refusing to pay any tax bill from HMRC that they have back calculated because it's completely unacceptable? Maybe HMRC will just accept the quote and allow people not to pay.

[McrRed]

...does that mean Dave will support anyone refusing to pay any tax bill from HMRC that they have back calculated because it's completely unacceptable? Maybe HMRC will just accept the quote and allow people not to pay.

Was just about to say the same thing. Could do with being let off some of my tax arrears.

[gopher7]

I heard rumours that Cameron knew about this EU Tax back in May and agreed to pay.
Why is he putting up a fight now, oh yes there's an election coming up next year, and he want's to look tough and get re-elected.

[gmb45]

one here wont be voting fur the arrogant basad

[ifred]

Another 70m reason a month to vote UKIP not necessarily because you believe in them, beyond EU exit door
IMO EU is a non democratic old boys club no DK privileges?

[Meat-Head]

Does that mean if Dave is out, so us Arnold from being MP?

[ifred]

Does that mean if Dave is out, so us Arnold from being MP?

Who's Dave
Come to that who's Nick, who's Ed methinks their all toast!

[GastonJ]

IMO EU is a non democratic old boys club no DK privileges?

And how is that when compared to a minority government that needed a coalition and has a leader who keeps saying that he knows what the people want? You vote for MEP's to represent us, you vote for MP's to represent us, problem is they're all a bunch of self serving two faced basseds only in it for themselves and their mates at the end of the day. As for not paying:

The UK will pay ?850m in two interest-free sums next year, instead of ?1.7bn by 1 December, after an EU rebate due in 2016 was apparently brought forward.

Mr Cameron said reducing the amount paid to Brussels was "good progress, and the chancellor has done well".

Yeah he paid the amount that was due

So much for Dave being a hard man eh, tossers one and all