On 23 June 2016 the people of the UK voted to leave the European Union. This will happen on 31 January 2020. To implement this change, the UK government concluded that the UK should also withdraw from the Euratom Treaty, which provides the legal framework for a Regional System for Accountancy and Control within the European Union. The UK therefore committed to setting up a State System for Accountancy and Control. This decision resulted in some risks for UK operators, but also provided some opportunities to improve the efficiency. Since the decision was made the UK government has done much to develop and document the proposed state system for material control and accountancy. By doing so, the government has reduced or removed some of the risks to operators while making other risks impact and become issues to be dealt with. This paper describes some of the risks as originally perceived, identifies the current status of these risks and identifies the opportunities which we still believe can be taken to make the system for regulating material control and accountancy more efficient and effective.
Year
2020
Abstract