The extended Reimbursement Fixed Costs Scheme for SMEs and self-employed professionals for Q1 2021 (TVL Q1 2021) can be applied for from February 15, 2021 until April 30, 2021; 17.00. The application for the Temporary Emergency Bridging Measure for Sustained Employment tranche 4/3.2 (NOW tranche 4 or 3.2) covering Q1 of 2021 is possible from February 15, 2021 until March 14, 2021.
TVL Q1 2021 details
The TVL subsidy scheme aims to compensate SME companies for fixed costs other than wage costs. If your company suffers a turnover loss of at least 30% in Q1 2021 compared to Q1 2019 due to the corona crisis, you could be eligible for this scheme. SMEs with minimum fixed costs from € 1,500 and non-SMEs, including companies with more than 250 employees, are eligible for TVL Q1 2021. The TVL subsidy amount depends on the one hand on the turnover loss and on the other hand on the predetermined part of fixed costs in your company. Your company can receive a subsidy for the maximum amount of € 330,000 (for SMEs) and € 400,000 (for non-SMEs) for the period from January 1, 2021 to March 31, 2021. In addition, non-food retail companies closed due to the corona lockdown measures may receive an additional 21% surcharge on their turnover loss for a maximum amount of € 200,000. For further details, we kindly refer to the website of the Netherlands Enterprise Agency (RVO) or the Chamber of Commerce.
Attention points
- The application for the TVL Q1 2021 can be submitted digitally through the website of the RVO until April 30, 2021.
- After submitting your application, the RVO strives to decide on the subsidy within 8 weeks. If the application is approved, the subsidy will be paid within 3 working days after approval.
- The TVL Q1 2021 subsidy is in addition to the subsidy amounts received under the previous TVL and TOGS scheme. The subsidy amount is considered as turnover for the NOW scheme effectively lowering the NOW subsidy.
Final application for TVL 1
Please note that the final application for the previous TVL scheme covering June 1 to September 30, 2020 (TVL 1) has to be submitted before April 1, 2021. The RVO will send an e-mail to request the application for the final determination before the end of February 2021. You will have to report the turnover in the period from June 1 to September 30, 2020 substantiated with the VAT returns for Q2 and Q3 of 2020. The notification regarding the final subsidy can be expected within 16 weeks.
- If the revenue loss is equal to the estimation at the time of application, the additional 20% will be paid (80% is granted as an advance at time of your subsidy request).
- If the turnover loss is lower than anticipated, you will either receive less than 20% or you will have to (partially) repay the subsidy.
- In case the turnover loss turns out to be higher, the subsidy will increase.
Please note!
If you do not submit a final application (timely), you must repay the entire subsidy amount!
NOW tranche 4 (or NOW 3.2) details
When you employ staff and suffer a substantial turnover loss as a result of the corona crisis, you can claim compensation for wage costs under the NOW subsidy scheme. Wage costs include the wages of employees who are insured for employee insurance schemes. The NOW subsidy scheme has been extended multiple times and we are now entering tranche 4 (3.2). It is possible to benefit from both the TVL Q1 2021 and NOW tranche 4 (3.2). As mentioned, the TVL Q1 2021 subsidy is treated as turnover for the purposes of the NOW scheme which results in a lower NOW subsidy. However, the combination of the two subsidy schemes should result in an overall higher subsidy.
You can apply for NOW tranche 4 (3.2) from February 15, 2021 to March 14, 2021 at the UWV. This is a different executive body than for the TVL Q1 2021 (RVO). NOW tranche 4 (3.2) covers the wage costs for the period from January to March 2021. For NOW tranche 4 (3.2), the turnover loss should again be at least 20%. The NOW subsidy depends on the turnover loss. With a turnover loss of 100%, the compensation will amount to 85%. Opposed to previous NOW subsidy schemes, the wage costs may be lowered without impacting the subsidy amount under NOW tranche 4 (3.2) (limited to 10% of the wage bill).
For further information, we kindly refer to the information on the website of the Chamber of Commerce.
Questions or more information
We suggest to carefully review the subsidy schemes and their respective conditions. If you do not meet the conditions, you will have to repay the received advance!
If you have any questions, need help with the application for NOW tranche 4 (3.2) and/or TVL Q1 2021 or have questions about the calculation(s), please reach out to one of our specialists: Bas Jeckmans (+31 (0) 88-1211 346), Joyce de Graaff (+31 (0) 88-1211 443), Robèrt Meijer (+31 (0) 88-1211 372), Kevin Smit (+31 (0) 88-1211 319) or Koen Swaghoven (+31 (0) 88-1211 435).
