Flyer HR Services: TVL Q4 2020 (ENG)

From 25 November 2020, it will be possible for SMEs, including self-employed persons, who are directly affected by the corona measures to reapply for the Reimbursement of Fixed Costs (Tegemoetkoming Vaste Lasten, TVL) scheme. The Reimbursement of Fixed Costs scheme helps companies to pay their fixed costs, or a part thereof.

Who is it for?

The Reimbursement of Fixed Costs scheme is intended to help SMEs that have been affected by the corona crisis to pay their fixed costs for the months October 2020 to June 2021. The Reimbursement of Fixed Costs scheme is divided into three quarters:

• Q4 2020: from 1 October to 31 December 2020;
• Q1 2021: from 1 January to 31 March 2021;
• Q2 2021: from 1 April to 30 June 2021.

This flyer explains the conditions of the Reimbursement of Fixed Costs scheme Q4 2020.

Virtually every SME that was registered in the Commercial Register of the Chamber of Commerce on 15 March 2020 is eligible for the Reimbursement of Fixed Costs scheme for Q4 of 2020. Temporarily, the restriction regarding a target group of SMEs that have a certain SBI code does not apply for Q4 2020. Only public-law companies, credit and financial institutions and holding companies are excluded from the Reimbursement of Fixed Costs scheme.

You can apply for the Reimbursement of Fixed Costs scheme Q4 2020 if you have a loss of turnover of at least 30% and at least €3,000 in fixed costs in the period from October to December 2020 and you do not employ more than 250 employees. The Reimbursement of Fixed Costs scheme Q4 2020 amounts to a minimum of €750 and a maximum of €90,000.

Download the factsheet for free via the link down below or contact one of our specialists.