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UK Economic Accounts: balance of payments - Current Account - Secondary Income

Contents of the balance of payments: Secondary Income - Quarterly transactions

Title

UK Economic Accounts: balance of payments - Current Account - Secondary Income

Description

Contents of the balance of payments: Secondary Income - Quarterly transactions Taxes and subsidies on products and production are now classified to other primary income within the primary income account. Social fund: receipts by local goverment are included up to 2005 Q4. From 2006 Q1 they are included in general government other EU receipts. GNI own resource and adjustments: Includes VAT-based third EU own resource and GNI-based fourth own resource.