Menu
08/01/2004
DARD inform farmers of EU rate cut
The Department of Agriculture has called on local arable farmers’ to take advantage of the European Commission’s recent announcement to reduce the compulsory rate set-aside under the Arable Area Payments Scheme from 10% to 5% for 2004.
The decision to halve the rate to 5% under a EC Council Regulation is to help counter the effects of the reduced supply of cereals on the EU market resulting from the severe drought in the main production regions of the Community in 2003.
The situation is expected to cause a significant reduction in closing stocks for 2003/2004 on the Community market. A normal 2004 harvest would not be expected to lead to a significant increase in stocks, while another poor harvest would expose the internal market to potential serious risks.
In order to qualify for arable area payments under the existing EU direct aid scheme (AAPS) farmers are required to set-aside a certain proportion of their arable land.
The default rate of 10% is laid down in Council Regulation 1251/99 and a Council decision is required to amend it.
(MB)
The decision to halve the rate to 5% under a EC Council Regulation is to help counter the effects of the reduced supply of cereals on the EU market resulting from the severe drought in the main production regions of the Community in 2003.
The situation is expected to cause a significant reduction in closing stocks for 2003/2004 on the Community market. A normal 2004 harvest would not be expected to lead to a significant increase in stocks, while another poor harvest would expose the internal market to potential serious risks.
In order to qualify for arable area payments under the existing EU direct aid scheme (AAPS) farmers are required to set-aside a certain proportion of their arable land.
The default rate of 10% is laid down in Council Regulation 1251/99 and a Council decision is required to amend it.
(MB)
Related Northern Ireland News Stories
Click here for the latest headlines.
02 April 2015
Ratepayers To Receive New Rate Bills
Homeowners and businesses throughout the new Belfast District Council area are to receive their rate bill for 2015/16 this week. The bill will show the amount due for the new billing period 2015/16, including any debt that may have been carried forward from previous years, along with any rate relief, where applicable.
Ratepayers To Receive New Rate Bills
Homeowners and businesses throughout the new Belfast District Council area are to receive their rate bill for 2015/16 this week. The bill will show the amount due for the new billing period 2015/16, including any debt that may have been carried forward from previous years, along with any rate relief, where applicable.
10 April 2018
Rate Bills Due To Be Issued To Homes And Businesses
Rate bills are due to be issued to homes and businesses in Northern Ireland from Land & Property Services (LPS), part of the Department of Finance. The bill outlines the amount due for the billing period 2018/19 and includes any debt from previous years that has not been paid, along with any rate relief where applicable.
Rate Bills Due To Be Issued To Homes And Businesses
Rate bills are due to be issued to homes and businesses in Northern Ireland from Land & Property Services (LPS), part of the Department of Finance. The bill outlines the amount due for the billing period 2018/19 and includes any debt from previous years that has not been paid, along with any rate relief where applicable.
30 March 2015
Finance Minister Announces New Annual Rate Statement
A new annual rate statement for all domestic rate payers in Northern Ireland has been introduced by the Finance Minister. From April 2015, the annual rate statement will show how households' rate payment contributes to the provision of public services such as health, education and roads, as well as a range of other important regional services.
Finance Minister Announces New Annual Rate Statement
A new annual rate statement for all domestic rate payers in Northern Ireland has been introduced by the Finance Minister. From April 2015, the annual rate statement will show how households' rate payment contributes to the provision of public services such as health, education and roads, as well as a range of other important regional services.
05 February 2009
Three NI Banks Cut Interest Rates
Most of Northern Ireland's big banks have agreed to adopt the latest UK interest rate cut. First Trust, Bank of Ireland and Ulster Bank have all brought their base rates into line with the reduction. The Bank of Ireland and Ulster Bank both said they were reviewing how the cut would affect standard variable rate products.
Three NI Banks Cut Interest Rates
Most of Northern Ireland's big banks have agreed to adopt the latest UK interest rate cut. First Trust, Bank of Ireland and Ulster Bank have all brought their base rates into line with the reduction. The Bank of Ireland and Ulster Bank both said they were reviewing how the cut would affect standard variable rate products.
14 August 2023
Bank Of England Increase Impacting Housing Market
The Bank of England's latest base rate increase is having a "notable impact" on the housing market, curtailing activity and reducing purchaser confidence, according to the latest research from the Ulster University.
Bank Of England Increase Impacting Housing Market
The Bank of England's latest base rate increase is having a "notable impact" on the housing market, curtailing activity and reducing purchaser confidence, according to the latest research from the Ulster University.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
