1.These explanatory notes relate to the European Communities (Finance) Act 2008 which received Royal Assent on 19 February 2008. They have been prepared by HM Treasury in order to assist the reader in understanding the Act. They do not form part of the Act and have not been endorsed by Parliament.
2.The notes need to be read in conjunction with the Act. They are not, and are not meant to be, a comprehensive description of the Act.