Table 2 – Essential elements of EU negotiating position on the financial settlement

Once EU obligations at the date of withdrawal are calculated on this basis, the UK obligations would be determined by applying a repartition key to the total (except the specific costs related to the withdrawal process, which should be entirely covered by the UK). The repartition key would be based on the UK contribution to the EU budget under the current own resources decision: it would correspond to the share of own resources transferred by the UK to the EU budget as a percentage of total own resources transferred by all 28 EU Member States over a given reference period (2014-2018).
In addition, the position paper provides details on the schedule of payments and methods to address issues related to other relevant institutions, bodies and instruments that are completely or partially outside the consolidated accounts of the EU. Table 2 sets out the main elements.