The person named applied under the Organic Capital Investment Scheme in October 2015 for a Mower - Mounted without conditioner. Approval was granted, however when processing the claim, no receipts for the purchase of the mower were submitted. It was discovered the applicant purchased the mower with cash.
A cash sale without other supporting evidence of payment is ineligible under TAMS as per the scheme’s terms and conditions. As a result, a penalty and reduction were applied to the applicant’s claim totalling €673.76, thus reducing his payment to €1,744.60. Payment issued on 16th December 2019. The payment calculation is outlined below.
Payment
|
€
|
Total Eligible Payment Cost
|
€6,045.90
|
40% grant aid on Eligible Payment
|
€2,418.36
|
Reduction applied 13.93%
|
€336.88
|
Penalty Applied 13.93%
|
€336.88
|
Total Payment
|
€2,418.36 – €673.76 = €1,744.60
|
A letter was issued to the applicant on the 22nd of November 2019 advising them of the penalty and reduction and their right to appeal.