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3.—(1) Before paying a delinked payment to any person under regulation 9(1) of the Delinked Payments Regulations (making delinked payments) for the year beginning on 1st January 2024, the Secretary of State must reduce the amount calculated in respect of that person under paragraph 5 of Schedule 1 to those Regulations (calculation of delinked payments) by the appropriate reduction percentage or percentages specified for that year.
(2) The appropriate reduction percentage or percentages referred to in paragraph (1) are the percentage amounts listed in the second column of the table under this paragraph when applied to the portion of the delinked payment described in the corresponding entry in the first column of that table.
Portion of delinked payment | Reduction percentage to be applied to the corresponding portion of the delinked payment |
---|---|
£30,000.00 or less | 50% |
Amounts above £30,000.00 and no more than £50,000.00 | 55% |
Amounts above £50,000.00 and no more than £150,000.00 | 65% |
Amounts above £150,000.00 | 70% |
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