Ross121
Member
- Location
- Oxfordshire
Thanks
Bps entitlements
- Thread starter Kernowkid
- Start date
- Location
- Glen Clova, Angus, DD8 4RD
I have 16.7 England lowland non-sda spare. I'd take £120.
Do we have to charge VAT?
Do we have to charge VAT?
Ramrod
Member
- Location
- Skendleby Psalter, Lincolnshire
As far as I know, if you’re vat registered, then yes you do
2manycows
Member
- Location
- Derbyshire
Sent you a dm
- Location
- Glen Clova, Angus, DD8 4RD
Reply sent.
- Location
- Glen Clova, Angus, DD8 4RD
All now sold.
- Location
- Hockley Essex
If anyone else has any available I am after 8
farmerman
Member
- Location
- Leicestershire
Anyone looking for bps entitlements non Sda . my land agent is holding 40 in total ready to go please contact by private message if of interest .
beef 1
Member
- Location
- north yorkshire
Hi yes I need a small amount of English Non SDA
Not quotes sure how
PM
Mixedupfarmer
Member
- Location
- Norfolk
Not a lot, as it's the last year of coupled payments, big chunk reduced off this year's payment, and won't add to the historic value.
farmerm
Member
- Location
- Shropshire
For someone with a claim of £30K or less... 1ha entitlement is in effect a government IOU for £151.46 for 2023 and £116.50 for 2024 so there is the first £267.96 income....
In there great wisdom Defra is still to formally announce what will happen after 2024... but the expectation is the tapering will continue during 2025-2027..
With 50% still to reduce to zero logic would suggest something like..
35% of £233 for 2025 £81.55
20% of £233 for 2026 £46.60
10% of £233 for 2027 £23.30
and then nothing.....
so 1ha entitlement is a government IOU for £419.41 in payments... now what that IOU is worth... well that's up to the buyer and seller.... just make sure you allow for the effect of interest, inflation and taxation... remember that last £23.30 payment in 2027 might only buy what £15 would buy you today.
Now here is typical government kicking the can down the road decision making... those with bigger claims have been tapered faster
Given that those with an entitlement on a £150K+ claim are already reduced to 30% of £233 by 2024, what will happen to those entitlements in 2025?? Either the payments for those entitlements will have to increase in 2025 back to 35% of £233 else there will have to be some fudge in which entitlements will have to be split into 4 sub groups depending on the size of claim those units where claimed against in some reference year....
Anyway its all irrelevant.. without BPS 1/3 of livestock farms will probably be broke by 2026 with more following. with a big chunk of domestic customer folded, grain producers will not be far behind, followed then by the ag suppliers... but its ok, free trade, cheap imports, happy voters and all of that....
farmgineer
Member
This is a very helpful insite, thank you. The only thing I'd ask is about the decoupled payment from next year? As I believe this year isn't included? So if I have 20ha and buy 5ha this year, my payment for 2024-2027 are fixed at the 20ha and my additional makes no odds, or that's my understanding... So the bps is worth bugger all really as you can only claim this year so less than £150/ha when factoring in the mither of doing it all too
Mixedupfarmer
Member
- Location
- Norfolk
This is as I understand it, not as @farmerm has written. .
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farmerm
Member
- Location
- Shropshire
Yes sorry, my bad I had forgotten that! So looking again.. think how it will work is entitlements will in effect cease to exist for 2025 and payments for 2025/26/27 will simply be some shrinking fraction of one’s 2022 payment provided one makes a valid claim in 2023..
- Location
- Exeter, Devon
Some people I know locally have recently bought a big house with around 90 acres, they’re not farmers and are looking to let the ground on a grazing licence. The previous owners had full entitlements and are passing them on to the new owners, I think as part of the purchase. Their agent, who also acted for the previous owners, has suggested that they will be better off having the entitlements transferred after April.
This doesn’t seem quite right to me, any thoughts from anyone?
This doesn’t seem quite right to me, any thoughts from anyone?
Flower Power
Member
I think you all need to read this;
www.gov.uk
Delinked payments: replacing the Basic Payment Scheme
Find out if you’re eligible for delinked payments, how they’re calculated and when you’ll receive them.
- Location
- Oxfordshire
In 2024 payments are becoming delinked. So from 2024-27 your payments will be based on the average BPS payment you received in the years 2020-2022.
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