VAT in the system of own resources of the European Union

Abstract

The article refers to the formation of the European Union system of own resources, in particular, the place and share of VAT-resource therein. Legal prerequisites for the VAT-resource in the EU own resources as well as problems of its further application are studied. The EU Multiannual Financial Framework 2014-2020 is analyzed.
Key words: European Union own resources, VAT, budget, harmonized VAT base.