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Cabinet extends and broadens Allowance Fixed Costs for SMEs

The application period for the Allowance Fixed Costs SMEs (TVL) has been extended. Three new application rounds will follow from October 1, 2020 to June 30, 2021. In addition, the cabinet has decided to temporarily open the TVA to all sectors.
Fixed Cost Allowance for SMEs
The TVL scheme supports SMEs with up to 250 employees and more than 30% loss of turnover due to the corona crisis when paying the fixed costs. This concerns fixed costs such as rent, gas / water / light, insurance and lease contracts. Wage costs are not included, they are compensated by the NOW scheme. A percentage of fixed costs is calculated from the loss of turnover. A maximum of 50% of that percentage is compensated. A fixed percentage of fixed costs has been determined for each sector. The government takes this percentage from figures from the CBS and can be found on the website of the Netherlands Enterprise Agency. The compensation per company is a minimum of € 750 and a maximum of € 90,000 per three months. The extension of the allowance is intended for the following three periods:

• October 1 to December 31, 2020
• January 1 to March 31, 2021
• April 1 to June 30, 2021

For whom?
The TVL is for all entrepreneurs who have been hit hard by the measures against the corona virus. Where previously only entrepreneurs who are registered under a certain SBI code were eligible, now all sectors are eligible for the scheme. In addition, catering businesses receive a one-off additional subsidy. This amount is in addition to the TVL subsidy. Entrepreneurs and suppliers in the event industry will receive a fixed amount in the fourth quarter of 2020, based on their TVL subsidy in the summer months. Both supplementary schemes are being further elaborated.

Conditions TVL
It seems that the same conditions apply for the second application round. Only a few conditions have changed from the first application round.