European Billion Dollar Bill Threatens UK Over Fraudulent Chinese Imports | interior

On Tuesday, the European Court of Justice ruled that, at the time of its membership in the European Union, the United Kingdom failed to impose sufficient tariffs on undervalued Chinese textile and footwear imports. Billion dollar bill threatens London.

On Tuesday, the court considered a breach procedure opened by the European Commission against the United Kingdom in 2018. The Commission requested 2.7 billion euros from the British for their failure to impose sufficient tariffs on fraudulent imports of textiles and footwear from China. Tariffs are the so-called traditional private resources that member states must transfer directly to the European budget.

European anti-fraud agency Olaf found in 2017 that UK importers had evaded a significant amount of customs duties by making incorrect statements about the true value of clothes and shoes imported from China. Olaf has warned of this fraud for years and recommended that member states take measures, such as applying the lowest acceptable rate. However, London failed to do so, and since 2011 the amount of fraud across the UK has increased sharply.

Statistical method

In its ruling, the Court’s Grand Chamber asserted on Tuesday that the UK had failed to fulfill its obligation as a member state to take effective customs measures and transfer the correct amounts to Brussels. The court also states that the British did not provide the commission with all the information it needed to calculate the amount of budget revenue due.

It doesn’t seem like the last word has been said about the amount. While the court validates the statistical method used by the commission in these circumstances, it also states that the amounts owed have not been determined with sufficient precision to meet the “legally required standard.” The judges ask the commission to recalculate the amount due, taking into account their recommendations.

See also  Four more EU criminal cases against London over Northern Ireland

The United Kingdom left the European Union on January 31, 2020. However, the estate division states that the country remains subject to European jurisdiction for violations of European rules at the time of its membership.

Megan Vasquez

"Creator. Coffee buff. Internet lover. Organizer. Pop culture geek. Tv fan. Proud foodaholic."

Leave a Reply

Your email address will not be published. Required fields are marked *