# Council Regulation (EC) No 1056/2005 of 27 June 2005 amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure, Annex

Extent: E+W+S+N.I.

ANNEX
TIME LIMITS APPLICABLE TO THE UNITED KINGDOM
1.
In order to ensure equal treatment of all Member States, the Council, when taking decisions in Sections 2, 3 and 4 of this Regulation, shall have regard to the different budgetary year of the United Kingdom, with a view to taking decisions with regard to the United Kingdom at a point in its budgetary year similar to that at which decisions have been or will be taken in the case of other Member States.
2.
The provisions specified in Column I shall be substituted by the provisions specified in Column II.
Column I
Column II
“as a rule, within four months of the reporting dates established in Article 4 (2) and (3) of Council Regulation (EC) No 3605/93”
(Article 3(3))
“as a rule, within six months after the end of the budgetary year in which the deficit occurred”
“the year following its identification”
(Article 3(4))
“the budgetary year following its identification”
“as a rule, within sixteen months of reporting dates established in Article 4(2) and (3) of Regulation (EC) No 3605/93”
(Article 7)
“as a rule, within eighteen months from the end of the budgetary year in which the deficit occurred”
“the preceding year”
(Article 12(1))
“the preceding budgetary year”

---
Source: https://www.legislation.gov.uk/eur/2005/1056/annex (the official version)
Page: https://openlegislation.uk/eu-regulation-2005-1056/annex
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.