BPS: Refund of Financial Discipline Mechanism monies
The NFU BPS advisers have put together this Q&A on the refund of BPS 2018 financial discipline monies to a significant number of farmers who claimed BPS 2019. These payments will, in the main, be issued in July 2020.
Use the links below to go directly to a particular question and answer (you will need to log in):
- What is happening?
- What is the background to these payments?
- Why are these payments being made now and how accurate will they be?
- When will payments start to be made?
- What happens if I have not been paid before 15 October?
- How will the RPA go about issuing the payment?
- Will interest be paid on these delayed monies?
- Who is going to be eligible for the payment?
- What if I claimed BPS in 2018 but the land was rented and a third-party claimed in 2019, who gets the money?
- How can I work out if the payment is correct or not?
- Eligibility summary
- Where can I find further information from the RPA?
- Will there be an FDM reimbursement next year for BPS 2019 reductions?
- Will there be any FDM reductions made to my BPS 2020 payment?
What is happening?
A large proportion of farmers paid for BPS 2019 are due to receive a Financial Discipline Mechanism (FDM) refund in July. These monies originate from deductions taken from 2018 BPS payments. Across the UK these payments total over €40m and over €25m of this amount is expected to go to English farmers. Below we explain the background and also the eligibility criteria for receiving these payments.
What is the background to these payments?
The FDM allows for a small percentage of BPS monies issued