An application under the 2014 Single Payment Scheme was received in my Department from the person named on 23 April 2014. Full payment issued in the respect of this application, the first instalment issuing directly to his nominated bank account on 16 October 2014 and the balancing payment issuing on 1 December 2014. Unlike in previous years there was no modulation reduction applicable to the 2014 scheme year payments. However, a linear reduction of 10.49% was applied to entitlements to bring their total value into line with the 2014 financial ceiling from which all payments are made. As a consequence of this the net unit value of each of the 25 standard entitlements held by the person named was reduced from € 289.92 in 2013 to € 259.51 in 2014.
An official from my Department has been in contact with the person named to explain how his payment under the 2014 Single Payment Scheme was determined.