The TVL-reimbursement is meant for SMEs that have suffered a turnover loss of more than 30%, to help pay fixed costs. Fixed costs are for example rent, insurances, leases, maintenance and subscriptions. Wage costs are not included as they are compensated under the NOW: Temporary Emergency Bridging Measure for Sustained Employment.
The reimbursement is based on the total turnover loss. Fixed costs will be calculated as a percentage of your turnover loss. Part of that percentage will be reimbursed. The calculation per sector is being elaborated. The maximum amount is €50,000 for 4 months. This reimbursement is for the months June through September 2020. You can still apply for the TOGS until 26 June 2020.
Applicant
SMEs that have suffered turnover losses due to the corona crisis and because of this cannot pay their fixed costs, can apply for this measure. Entrepreneurs who were eligible for the Reimbursement for entrepreneurs in affected sectors (TOGS) can apply for this measure. Your eligibility can be checked at the Dutch Chamber of Commerce (KVK) under a required SBI code.
Conditions
To be eligible for this reimbursement you must comply with these conditions:
- You have 250 or less employees;
- You have suffered a turnover loss of at least 30% due to the corona crisis;
- Your company has been established and registered with the Dutch Chamber of Commerce (KVK) before 15 March 2020;
- Your main or secondary activity is registered with the Dutch Chamber of Commerce (KVK) under a required SBI code (in Dutch);
- Your company has a branch in the Netherlands;
- Companies not in the hospitality sector or itinerant trade (such as market and street trade, taxi transport, driving schools and fairs) have at least 1 branch that is not the home address of the owner(s);
- You have not petitioned for bankruptcy of filed for suspension of payment;
- You are a not a public company.
Application
You can apply for this reimbursement to the Netherlands Enterprise Agency from the end of June.
To apply you will need eHerkenning level 1. The exact date you can apply, will be announced at a later date. Our Corona Crisis Team will be able to assist you with your application.
