ECOFIN : 12 March 2019 :Written statement - HCWS1403

Made on: 12 March 2019
Made by: Mr Philip Hammond (The Chancellor of the Exchequer)

ECOFIN : 12 March 2019

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 12 March 2019. The UK will be represented by Mark Bowman (Director General, International Finance, HM Treasury). The Council will discuss the following:

Early Morning Session

The Eurogroup President will brief the Council on the outcomes of the 11 March meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU. Ministers will then discuss the location of the InvestEU Investment Committee Secretariat.

Excise Duties

The Council will be invited to agree a General Approach on the Directive on general arrangements for excise duty (recast), the Regulation on administrative cooperation of the content of electronic registers, and the Directive on the structures of excise duty on alcohol and alcoholic beverages.

Digital Services Tax

The Council will be invited to reach a political agreement on the EU-wide Digital Services Tax proposal.


The Council will hold a follow up policy debate on the location of the InvestEU Investment Committee Secretariat.

Current Financial Services Legislative Proposals

The Romanian Presidency will provide an update on current legislative proposals in the field of financial services.

European Semester

Following a presentation by the Commission on its 2019 Country Reports, the Council will hold an exchange of views on the implementation of country-specific recommendations focussing on investment in Member States.

EU List of Non-Cooperative Jurisdictions for Tax Purposes

The Council will be invited to adopt Council conclusions revising the December 2017 EU list of non-cooperative jurisdictions for tax purposes.

Status of the Implementation of Financial Services Legislation

The Council will discuss the status of the implementation of financial services legislation.

Coalition for Climate Action

The Finnish Finance Minister will update the Council on plans to launch the Coalition for Climate Action in the context of the World Bank and International Monetary Fund Spring Meetings in April.

This statement has also been made in the House of Lords: HLWS1369

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