14. 5. 85 Official Journal of the European Communities No L 128/15 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 7 May 1985 on the Communities’ system of own resources (85/257/EEC, Euratom) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Article 201 thereof, Having regard to the Treaty establishing the European Atomic Energy Community, and in particular Article 173 thereof, Having regard to the proposal from the Commis- sion (%), Having regard to the opinion of the European Par- liament (3, Having regard to the opinion of the Economic and Social Committee (3), Whereas the Decision of 21 April 1970 on the re- placement of financial contributions from Member States by the Communities’ own resources (*), here- inafter referred to as ‘the Decision of 21 April 1970’, introduced a Community system of own resources ; Whereas, in order to augment own resources, while retaining the existing sources of revenue introduced by the Decision of 21 April 1970, the 1 % limit to the rate applied to the uniform basis for assessing value added tax should be increased ; Whereas the European Council which met in Fon- tainebleau on 25 and 26 June 1984 reached certain conclusions ; () OJ No C 193, 21. 7. 1984, p. 5. () OJ No C 315, 26. 11. 1984, p. 60. () OJ No C 307, 19. 11. 1984, p. 24. () OJ No L 94, 28. 4. 1970, p. 19. Whereas, by the terms of those conclusions, the maximum rate of mobilization of value added tax own resources will be 1,4 % on 1 January 1986 ; whereas this maximum rate applies to every Member State and will enter into force as soon as the ratification proce- dures are completed and by 1 January 1986 at the latest ; whereas the maximum rate may be increased to 1,6 % on 1 January 1988 by unanimous decision of the Council and after agreement has been given in accordance with national procedures ; Whereas, in those same conclusions, the European Council considered that expenditure policy is ulti- mately the essential means of resolving the question of budgetary imbalances ; ) Whereas, however, the European Council decided that any Member State bearing an excessive budgetary burden in relation to its relative prosperity may benefit at the appropriate time from a correction ; Whereas such a correction must now be applied to the United Kingdom, HAS LAID DOWN THESE PROVISIONS, WHICH IT RECOMMENDS TO THE MEMBER STATES FOR ADOPTION : Article 1 The Communities shall be allocated resources of their own in accordance with the following Articles in order to ensure that their budget is in balance. The budget of the Communities shall, irrespective of other revenue, be financed entirely from the Commu- nities’ own resources.