1.The VAT-based own resource shall be calculated on the basis of calendar years.
2.The definitive multi-annual weighted average rate shall be calculated on the basis of the method set out in paragraphs 3 to 8.
3.The definitive multi-annual weighted average rate shall be the percentage calculated by each Member State, respectively, for the financial year 2016, in accordance with the provisions of this Article as applicable before 1 January 2021.
4.The percentage in which the definitive multi-annual weighted average rate is expressed shall be calculated to the fourth decimal place.
5.The definitive multi-annual weighted average rate shall have been inspected and shall be free from notifications concerning outstanding points as referred to in Article 9(2).
6.A weighted average rate under notification shall be used until the points that were notified as referred to in Article 9(2) have been resolved, and shall be considered as the provisional multi-annual weighted average rate.
7.Once the points that were notified as referred to in Article 9(2) have been resolved, the resulting percentage shall replace the provisional multi-annual weighted average rate, and shall become the definitive multi-annual weighted average rate from the financial year 2021 onwards.
8.The budgetary implications of any difference between the provisional and the definitive multi-annual weighted average rate shall be addressed under the procedure outlined in Article 10b(5) of Council Regulation (EU, Euratom) No 609/2014note (the ‘yearly balance exercise’).