The Council Decision of 21 April 1970 lays down the transition from financial contributions from Member States to an autonomous system of Community financing based on traditional own resources (agricultural levies and customs duties) and a VAT resource.

Treaty amending certain budgetary provisions of the Treaties establishing the European Communities and of the Treaty establishing a Single Council and a Single Commission of the European Communities, signed in Luxembourg on 22 April 1970.

Images of the signature of the Treaty amending certain budgetary provisions of the Treaties establishing the European Communities and of the Treaty establishing a Single Council and a Single Commission of the European Communities, which took place on 22 April 1970 in the Alcide de Gasperi building of the European Parliament in Luxembourg. The following were signatories to the Treaty: Pierre Harmel, Belgian Foreign Minister, Walter Scheel, FRG Foreign Minister, Maurice Schumann, French Foreign Minister, Aldo Moro, Italian Foreign Minister, Gaston Thorn, Luxembourg Foreign and External Trade Minister and H. J. de Koster, Netherlands Secretary of State for Foreign Affairs.

Treaty amending certain financial provisions of the Treaties establishing the European Communities and of the Treaty establishing a Single Council and a Single Commission of the European Communities. On 22 July 1975, in Brussels, the Member States of the Europe of the Nine sign this Treaty which provides for the establishment of a Court of Auditors and strengthens the European Parliament’s budgetary powers. These reforms proved necessary following the implementation of the financial system of own resources, which established the financial autonomy of the European Communities.