Single Payment Scheme: get application form wrong and you’ll pay the penalty
Rushing and getting something wrong carries extra risk this year; because if this year’s application is incorrect, it could affect the total value of the entitlements definitively held (owned) on May 15 — which forms part of the calculation of the new Basic Payment entitlements in the new 2015-2020 CAP.
If you recently bought or sold entitlements, the May 15 deadline is vital.
