2 ms·
UK: the regulator which issues the fine pays almost all of it (minus some expense recovery) into the consolidated fund, i.e. the same pot as taxes. This is rou
by pjc50 2y ago
UK: the regulator which issues the fine pays almost all of it (minus some expense recovery) into the consolidated fund, i.e. the same pot as taxes.
This is roughly what I'd expect. The EU does very little law enforcement directly, most is done through national regulators.
This is the reverse of the Apple situation, where the EU fined the Irish government for not collecting enough taxes from Apple.
- tailspin2019 2y agoFor clarity, I don’t think the UK is involved in this at all. This seems to be a fine issued in the Republic of Ireland which is not part of the UK (but, unlike the UK, is still part of the EU).