Single Payment Scheme, Basic Payment Scheme and the transfer window
23 September 2014
Farmers are reminded that Single Payment Scheme entitlements become Basic Payment Scheme entitlements on 1 January 2015.
Whilst the deadline for the transfer of entitlements is usually 2 April, if you want the recipient to be able to claim them for that calendar year note that the rules are slightly different during this transitional period.
If you want to transfer your SPS entitlements whilst they are still SPS entitlements, then the Rural Payments Agency must receive your completed RLE1 form by midnight on 21 October 2014. There is a proviso, which is that the effective date of the transfer for the purposes of the form must be on or before 3 December 2014.
Once we are past 21 October, the transfer window will close. Your SPS entitlements will convert to BPS entitlements on 1 January 2015 and the transfer window will subsequently re-open on an unspecified date around the middle of January next year.
It is very important that you bear these dates in mind if over the next three months you are proposing to buy or sell either entitlements alone, or land with entitlements. You should also recognise that once the transfer window opens again the future transfer of BPS entitlements may be administratively more cumbersome. Although the likelihood is that RLE1 forms will still be used, the RPA intends to operate with its new IT system. History tells us that these take a while to ‘bed in’.
Disclaimer: All legal information is correct at the time of publication but please be aware that laws may change over time. This article contains general legal information but should not be relied upon as legal advice. Please seek professional legal advice about your specific situation - contact us; we’d be delighted to help.
An option agreement can be utilised when a developer is considering purchasing land for development. It grants them the ‘option’ to purchase land for an agreed-upon price (or price mechanism)…
With the current housing shortage, farmers and other landowners are finding that their fields, agricultural buildings and even small parcels of unused scrub land are increasingly being considered for development.…
Grazing licences and Farm Business Tenancies (FBTs) are both occupational arrangements available to landowners – but which is right for you? This will largely depend on the activities to be…
Our website uses cookies to improve your experience while you navigate through our website. Out of these cookies, the cookies that are categorised as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyse and understand how you use our website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies but it may affect your browsing experience on our website. You can find our cookie policy here.
Necessary cookies are absolutely essential for our website to function and enable core functionality such as security and accessibility. These cookies do not store any personal information. You can block these cookies by changing your browser settings, but this may affect how the website functions.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Cookie
Duration
Description
__cf_bm
30 minutes
This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.
mgref
1 year
This cookie is set by Eventbrite to deliver content tailored to the end user's interests and improve content creation. It is also used for event-booking purposes.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Cookie
Duration
Description
_ga
2 years
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gat
1 minute
This cookie is installed by Google Universal Analytics to restrain request rate and thus limit the collection of data on high traffic sites.
_gid
1 day
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
G
1 year
Cookie used to facilitate the translation into the preferred language of the visitor.
vuid
2 years
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.