§ Mr. Marlow
asked the Chancellor of the Exchequer to what extent the European Community is able to delay payments; and whether there are any constraints on the length of delay of such payments.
§ Mr. Hayhoe
Under article 205 of the EEC Treaty the Commission is solely responsible for implementing the European Community budget. The possibility of delayed payments is therefore a matter for the Commission. However, there are a number of regulations specifying periods within which paying agents are required to make payments.