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Keith Nuthall
THE BRITISH government is facing a possible order to pay massive recurring fines of maybe Euro 100,000-a-day, because it has not notified the European Commission about how it has implemented a court order to pay VAT on privately operated road and bridge tolls.…

BY KEITH NUTHALL
THE EUROPEAN Union’s Council of Ministers has unanimously agreed the proposed directive on insurance mediation, a decision that almost guarantees its passage into EU law. The proposal will now receive a second reading by the European Parliament; if it does not make many changes, final approval could come before Brussels’ political summer recess.…

BY ALAN OSBORN
THE EUROPEAN Commission has taken no decision yet on whether to review the possible merger between Arthur Andersen and Deloitte Touche Tohmatsu, a spokeswoman for the competition commissioner Mario Monti told Acountancy Age, although its rules suggest that it would almost inevitably do so.…

BY KEITH NUTHALL
EUROPEAN Union ministers and MEP’s are considering changes to the EU’s directive on the supervision of financial conglomerates, which, claim parliamentarians, will make an Enron-style scandal far less likely in Europe. The proposed new law would cover insurance companies, investment firms and credit institutions that are part of such groups, setting rules on the amount of supplementary capital that they should command.…

BY ALAN OSBORN
THE EUROPEAN Commission today told Accountancy Age that it is “fairly certain” to investigate the proposed merger between Andersen’s non-US operations and KPMG and warned that its competition authority could well insist that the accounting giants sell off some of their European operations as a condition of clearing the deal.…

KEITH NUTHALL
THE EUROPEAN Investment Bank has lent Euro 190 million to Danish electricity supplier and distributor Eltra, money that will be especially targeted on boosting renewable energy production and consumption in this environment-friendly country.

Eltra is a non-profit co-operative society wholly owned by 47 municipal and consumer-owned electricity distribution companies in Denmark.…

Keith Nuthall
THE EUROPEAN Commission has adopted a new strategy for health and safety at work for 2002-2006, which would cover new types of workplace risk, such as bullying and violence at work and stress-related illnesses. The plan also seeks to develop office and factory risk prevention programmes.…

BY KEITH NUTHALL
THE FINNISH government has been ordered by the European Commission to change legislation that disqualifies car passengers from insurance cover when the driver is drunk and involved in an accident. Brussels says this exclusion of passengers’ injuries contravenes the EU’s second motor insurance directive, which seeks to harmonise national regulations for the sector and to safeguard the interests of persons who may be injured in a motor vehicle accident.…

BY KEITH NUTHALL
The European Commission is take legal action against France and Luxembourg in a final bid to remove the compulsory no-claims bonus system for third party motor insurance in the European Union. The two countries are now alone in the EU in sticking to a system which the Commission claims is in breach of the third non-life insurance directive (92/49/EEC) and constitutes a barrier to free competition.…

BY PHILIP FINE

THE EUROPEAN Commission is taking France to the European Court of Justice for applying a reduced rate of withholding tax on income from investments and contracts with a debtor who is resident or established in France, while not allowing this tax break when the debtor lives in another EU Member State.…