Financial management of the European Union budget in 2014

In a report published in April 2016 the Public Accounts Committee of the United Kingdom House of Commons concluded that Government departments had moved too slowly to reduce penalties incurred to the European Commission.

Over the last decade, the UK government has incurred at least £650m in such penalties because of errors in how public bodies have spent European Union funds — the sixth-highest level of 'disallowance' in the EU as a proportion of funding received by the European Commission.

The Committee found departments 'only seem to have woken up to this problem recently' and called on the HM Treasury to take the lead in addressing urgently the causes and levels of penalties incurred.

United Kingdom: House of Commons: House of Commons: Parliamentary Business: News, 27.04.16: Government must act now to reduce EU penalties http://www.parliament.uk/business/committees/committees-a-z/commons-select/public-accounts-committee/news-parliament-2015/memorandum-financial-management-eu-report-published-15-16/

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