Everything you need to know about the Reimbursement of Fixed Costs for SMEs scheme (Dutch acronym: TVL)
If your business is an SME that has suffered a loss of revenue of at least 30% due to the corona crisis, you will soon be able to apply for extra support under the TVL scheme. The payment has been capped at € 50,000. The TVL scheme follows on from the TOGS scheme, which defines sectors affected by the health crisis. Read here how it works.
Businesses in the hospitality industry*, the leisure sector, the events industry, the fairground industry, performing arts and theatres in particular qualify for a tax-free allowance to cover their fixed costs. The payment will come on top of the NOW payment, if any.
Level of payment
The payment depends on the level of fixed costs and the proportionate drop in revenue (at least 30%). It has been capped at € 50,000 for the period from 1 June to 1 October.
- Your business has no more than 250 employees.
- Your revenue has fallen by at least 30%.
- Your business was established before 15 March 2020 and is based in the Netherlands.
- At least one branch of your business is not based at the owner’s private address or is separate from the owner’s private home and has a separate entrance or separate access.*
- Your business has not been declared bankrupt and has not applied for a moratorium at court.
* With the exception of businesses operating in the hospitality industry covered by SBI codes 56.10.1, 56.10.2 and 56.30 and itinerant trade (such as market trade, taxi services, driving schools and fairground rides).
The Netherlands Enterprise Agency will accept applications for the scheme as of now.
How can we help?
Please do not hesitate to contact your accon■avm adviser if you have any questions about corona-related issues in your organisation or are interested in other business advisory services. Alternatively, you can send an email to email@example.com. We will get back to you as soon as possible.Need advice on this subject?
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