Basic Payment Scheme Archives

Welsh Government Unveils New Vision

The Welsh Government has released their latest proposals for a post-Brexit farm support system. The document, ‘Sustainable Farming and Our Land’, proposes paying farmers through a single scheme, instead of their previously suggested two-tiers. Payments would be based...

Interest Free Loans to Cover Late BPS Payments

News

Interest free government loans will now be available to all Welsh Farmers if their Basic Payment Scheme (BPS) payments are late. Farmers who do not receive their BPS funds on 2 December – day 1 of the payments window – can receive loans under the BPS 2019 Support...

HMRC Lose VAT on BPS Appeal

Basic Payment Scheme, VAT

Following an unsuccessful appeal by HMRC, farmers should be able to continue to reclaim VAT against purchases of Basic Payment Scheme (BPS) entitlements. HMRC argued against farmer, Frank Smart, that the VAT incurred on the purchase of his BPS entitlements had a...

Weaker Pound Leads to Higher Subsidy Payments

Basic Payment Scheme, News

Basic Payment Scheme payments for 2017 will be just under 5% higher than in 2016 due to the currency exchange rate. Under the rules of the Common Agricultural Policy (CAP), support payments for the UK are set in Euros and then converted to Sterling by using the...

Rural Payments Agency Risking Wrath of Farmers

Basic Payment Scheme, News

The Rural Payments Agency (RPA) has managed to spark outrage with its latest gaffe. More than 600 letters have been sent out to farmers who they think were overpaid under the Basic Payment Scheme in 2015 or 2016. The fact that really grates is that some claimants have...

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