What is EEAG?
Definition. EEAG. European Economic Advisory Group. EEAG. Environmental and Energy State Aid Guidelines (EU)
What is state aid rule?
State aid is any advantage granted by public authorities through state resources on a selective basis to any organisations that could potentially distort competition and trade in the European Union (EU).
What are examples of state aid?
State aid is financial assistance that a state offers to eligible residents to help reduce their educational costs. Two examples of state aid include the Cal Grant and the New York State Tuition Assistance Program (TAP).
Why is state aid prohibited?
A company that receives government support gains an advantage over its competitors. Therefore the Treaty generally prohibits State aid unless it is justified by reasons of general economic development.
Do EU state aid rules still apply?
As a member of the European Union, the United Kingdom was part of the EU regime on restricting trade-distorting business subsidies (“state aid”). EU state aid rules continued to apply to the UK till the end of the transition period on 31 December 2020.
What is state aid funding?
State Aid is a term used by the European Commission. It describes assistance from a public body or publicly-funded body given, on a selective basis, to Organisations who take part in commercial activity. The State Aid rules are designed to regulate subsidies and stop public authorities from distorting markets.
Does state aid still apply in UK?
The previous law on State aid that applied while the UK was a member of the European Union was repealed at 11pm on 31 December 2020 by the State Aid (Revocations and Amendments) (EU Exit) Regulations 2020 and so no longer binds UK public bodies.
Is state aid prohibited?
In general, State aid is banned because of its anti-competitive effects.
What is state aid tax?
State Aid: What It Is, and How It May Affect Multinationals and Tax Departments. EU state aid is a European concept that prohibits EU member states from providing impermissible aid to companies, which, as these cases have demonstrated, may be in the form of tax treatment or benefits.
What is de minimis state aid?
The Regulation covers small amounts of aid (“de minimis” aid) within a predetermined threshold which do not count as State aid in the sense of Article 107(1) and are therefore exempt from the notification requirements of the competition rules.
