§ 1. Revenue from the following shall constitute own resources entered in the budget of the Communities:
- (a) levies, premiums, additional or compensatory amounts, additional amounts or factors and other duties established or to be established by the institutions of the Communities in respect of trade with non-member countries within the framework of the common agricultural policy, and also contributions and other duties provided for within the framework of the common organization of the markets in sugar;
- (b) Common Customs Tariff duties and other duties established or to be established by the institutions of the Communities in respect of trade with non-member countries and customs duties on products coming under the Treaty establishing the European Coal and Steel Community;
- (c) the application of a uniform rate valid for all Member States to the VAT assessment base which is determined in a uniform manner for Member States according to Community rules; however, the assessment base for any Member State to be taken into account for the purposes of this Decision shall not exceed 55 per cent. of its GNP;
- (d) the application of a rate—to be determined under the budgetary procedure in the light of the total of all other revenue—to the sum of all the Member States' GNP established in accordance with Community rules to be laid down in a Directive adopted under Article 8(2) of this Decision.
§ 2. Revenue deriving from any new charges introduced within the framework of a common policy, in accordance with the Treaty establishing the European Economic Community or the Treaty establishing the European Atomic Energy Community, providing the procedure laid down in Article 201 of the Treaty establishing the European Economic Community or in Article 173 of the Treaty establishing the European Atomic Energy Community has been followed, shall also constitute own resources entered in the budget of the Communities.
§ 3. Member States shall retain, by way of collection costs, 10 per cent. of the amounts paid under 1(a) and 1(b).
§ 4. The uniform rate referred to in 1(c) shall correspond to the rate resulting from:
- (a) the application of 1.4 per cent. to the VAT assessment base for Member States, and
- (b) the deduction of the gross amount of the reference compensation referred to in Article 4(2). The gross amount shall be the compensation amount adjusted for the fact that the United Kingdom is not participating in the financing of its own compensation and the Federal Republic of Germany's share is reduced by one third. It shall be calculated as if the reference compensation amount were financed by Member States according to their VAT assessment bases established in accordance with Article 2(1)(c). For 1988. the gross amount of the reference compensation shall be reduced by 780 MECU.
§ 5. The rate fixed under paragraph 1(d) shall apply to the GNP of each Member State.
§ 6. If, at the beginning of the financial year, the budget has not been adopted, the previous uniform VAT rate and rate applicable to Member States' GNP, without prejudice to whatever provisions may be adopted in accordance with Article 8(2) by reason of the entry of an EAGGF monetary reserve in the budget, shall remain applicable until the entry into force of the new rates.
§ 7. By way of derogation from 1(c), if, on 1 January of the financial year in question, the rules for determining the uniform basis for assessing VAT are not yet applied in all the Member States, the financial contribution which a Member State not yet applying this uniform basis is to make to the budget of the Communities in lieu of VAT shall be determined according to the proportion of its gross national product at market prices to the sum total of the gross national product of the Member States at market prices in the first three years of the five-year period preceding the year in question. This derogation shall cease to have effect as soon as the rules for determining the uniform basis for assessing VAT are applied in all Member States.
§ 8. For the purposes of applying this Decision, GNP shall mean gross national product for the year at market prices.