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?
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.
The FDM allows for a small percentage of BPS monies issued