Single Payment Scheme: get application form wrong and you’ll pay the penalty

THE time is upon us once more to submit the Single Payment Scheme application. If you haven’t sent it off yet, you are running dangerously late.

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.