Advice, Article, Basic Payment Scheme
The Welsh Government announced on Monday that its new system of support payments for Welsh farmers will be postponed until 2022. The Basic Payment Scheme (BPS) was due to be transitioned to a new Land Management Program, but has been consistently delayed as a direct... 
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... 
Advice, Business Support, News
A deal on Europe’s farm support system was agreed in Brussels on 26 June, the new Basic Payment Scheme (BPS) will replace the Single Payment Scheme in 2015. In many ways it will be very similar, with entitlements having to be matched against eligible land which then...