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The Eu (Withdrawal Agreement) Act 2020

Provisions applicable after 31 December 2020 as regards own resources 2. As regards a fine decided by the Union after 31 December 2020 in a procedure under Article 92(1), the Union shall reimburse the United Kingdom for its share of the amount of the fine recovered by the Union as soon as that fine has become final. (157) Internal agreements between the Representatives of the Governments of the Member States of the European Union, meeting within the Council, on the financing of European Union assistance under the multiannual financial framework for the years 2014-2020, in accordance with the ACP-EU Partnership Agreement, and on the allocation of financial assistance to the overseas countries and territories, to which Part Four of the Treaty on the Functioning of the European Union applies (OJ L 147, 20.12.2014, p. 1). OJ L 210, 6.8.2013, p. 1). The Withdrawal Agreement sets out the conditions for the UK`s withdrawal from the EU, which was adopted on 31 January 2020, which will enter into force on 1 January 2020 at 11pm (“exit date”). In accordance with Articles 84(1) and 148, the United Kingdom shall reimburse the Union for the value of such equipment and other assets, calculated on the basis of the value attributed to such equipment and other assets in the consolidated accounts for 2020. This value is communicated to the United Kingdom by the European Commission after its final administrative authorisation.

The United Kingdom and the Member States shall not have access to the turnover information of the other Member State concerning transactions carried out after 31 December 2020.

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