1. Lecturer: Miljen Matijašević e-mail: miljen.matijasevic@gmail.commiljen.matijasevic@gmail.com G10, room 6, Wed 11:00-12:00 Session 6

2. 1. Revision of the previous session 2. European Court of Auditors 3. Vocabulary and Practice

3. Taxation in the EU

4. 1. Who prescribes and collects taxes in the EU? 2. What are the rules of the EU taxation policy? 3. What does the EU try to avoid by coherence and co-ordination? 4. What are the common VAT rules? 5. What dictates excise rates in the EU?

5. Unit 9

6. INTRODUCTION  Remember the main five institutions of the EU, their composition and functions!

7. INTRODUCTION  Using your previous knowledge, try to answer the Comprehension Check questions on p. 29

8. INTRODUCTION  Who approves the EU budget?  Who handles the budgetary funds?  What do you remember about the European Court of Auditors and its role?

9.  Read the introductory paragraphs on p. 27  When was the court established?  How can you summarise its main task?  What is the composition of the court?  What is the typical background of the members?  How is the President of the Court elected?

10.  Read the following section on pp. 27-28  Whose paperwork can the Court investigate?  What are on-the-spot checks?  What institutions is the Court connected to? What is the nature of this connection?  What is the importance of the annual report?  When else is the Court consulted?

11.  Read the following section on p. 28  Who organises the court’s work?  What is the composition of the court?  What institutions do the auditors usually inspect?  What are the legal powers of the Court?

12.  checks the implementation of the EU budget (legality of income and expenditure)  one member per country  appointed by the Council (6 years, renewable)  investigates management of EU funds by any institution and drafts reports  presents an annual report to EP and the Council

13.  gives opinion before EU’s financial regulations are adopted  works independently  staff of 550, of which about 250 auditors  inspections of national authorities handling EU funds allocated by the Commission  no legal powers of its own – pass on information to authorities

14. revenue expenditure to incur (expenditure, costs) carry out (an audit) on-the-spot checks statement of assurance

15.  Do the exercises on p.29 in your coursebook