# Commission Delegated Regulation (EU) No 639/2014 of 11 March 2014 supplementing Regulation (EU) No 1307/2013 of the European Parliament and of the Council establishing rules for direct payments to farmers under support schemes within the framework of the common agricultural policy and amending Annex X to that Regulation, Article 23: Calculation of the value of payment entitlements

Extent: E+W+S+N.I.

(1.) Payment entitlements shall in a first step be calculated up to three decimals and in a second step be rounded up or down to the nearest second decimal. If the calculation gives a result where the third decimal is a 5, the sum shall be rounded up to the second decimal.
(2.) If a farmer transfers a fraction of an entitlement, the value of that fraction shall be calculated proportionally for each remaining relevant year as referred to in Article 25 ... of Regulation (EU) No 1307/2013.
(3.) The relevant authority may modify payment entitlements by merging fractions of entitlements owned by a farmer. The value of the merged entitlements shall be determined for each remaining relevant year as referred to in Article 25 ... of Regulation (EU) No 1307/2013 by adding the value of the fractions.

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Source: https://www.legislation.gov.uk/eur/2014/639/article/23 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-639/article-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.