NOW tranche 5 (or 3.3): Application open until June 30, 2021
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 have now entered tranche 5 (3.3).
NOW tranche 5 (3.3) covers the wage costs for the period April-May-June 2021. You can apply for NOW tranche 5 (3.3) from May 6, 2021 up until June 30, 2021 at the executive body UWV. For NOW tranche 5 (3.3), your turnover loss should be at least 20%. Furthermore, the NOW subsidy depends on the turnover loss. With a turnover loss of 100%, the compensation will amount to 85%.
NOW 4: Extension
The NOW subsidy scheme will be extended and will cover July 1, 2021 up until September 30, 2021 under the same conditions as NOW 3. The reference period for NOW 4 will be February 2021 (opposed to June 2020). Further details will follow.
For further information, we kindly refer to the Chamber of Commerce’s NOW page.
TVL Q2 2021: Application is expected to open mid-June 2021
The TVL subsidy scheme aims to compensate SME companies for fixed costs other than wage costs. SME companies with minimum fixed costs of €1,500 and non-SME companies, including companies with more than 250 employees, are eligible for TVL Q2 2021. The fixed costs allowance increases from 85% to 100% for TVL Q2 2021. Your company can receive a maximum of €550,000 (SMEs) and €1,200,000 (non-SMEs) through the TVL Q2 2021 covering the period from April 1, 2021 to June 30, 2021.
If your company suffers a turnover loss of at least 30% in Q2 2021 compared to either Q2 2019 or Q3 2020 due to the corona crisis, you could be eligible for this scheme. Earlier, the reference period was fixed. Due to this change in the mechanics, the opening of the application is delayed until mid-June. Please note that in many cases, the TVL applications have to be filed via eHerkenning level 3. For those who are registered as owner or director, filing the application with DigiD is also possible.
It is possible to benefit from both the NOW tranche 5 (3.3) and the TVL Q2 2021. In this respect, we note that the TVL subsidy is no longer considered turnover for the NOW scheme. This applies as of NOW 3 (for NOW 1 and NOW 2 it is considered turnover) effectively increasing the overall subsidy.
Update: Due to these changes, companies that received the TVL subsidy and subsequently, were not eligible for the NOW subsidy scheme, may again apply for NOW tranche 3 (3.1), tranche 4 (3.2) and tranche 5 (3.3). The application is open until July, 16 2021.
TVL Q3 2021: Extension
The NOW subsidy scheme will be extended and will cover July 1, 2021 up until September 30, 2021 under the same conditions as NOW 3. The reference period for NOW 4 will be February 2021 (opposed to June 2020). Further details will follow.
For further information, we kindly refer you to RVO’s website or the Chamber of Commerce’s website. You may sign up for the RVO’s notification service to be informed directly about updates regarding the TVL schemes (only available in the Dutch language).
TVL 1 2020 and TVL Q4 2020: Determination final subsidy before June 1, 2021 and July 1, 2021 respectively
If you applied for the TVL scheme for the period from June 1 to September 30, 2020, you should already have received a request for the determination of the final subsidy amount.
Please note that the final determination had to be filed before June 1, 2021. For the determination, the actual turnover has to be reported to the RVO (whereas the application could be based on an estimate). You may expect notification of the final TVL subsidy amount within 16 weeks.
The following situations could occur:
- If the loss of turnover is equal to the estimated loss at the time of application, you will receive the additional 20% to the previously received advance.
- If the turnover loss is lower, you will either receive less than 20% or you will have to repay (part of) the subsidy.
- If the loss of turnover is higher, you will receive a higher subsidy.
Please note, if you do not submit a final application, you must repay the entire allowance received!
Questions or additional information
If you have any questions, if you need assistance with the application for NOW tranche 5 (3.3) and/or one of the TVL schemes, please reach out to one of our specialists: Bas Jeckmans (+31 (0) 88-1211 346), Robèrt Meijer (+31 (0) 88-1211 372), Kevin Smit (+31 (0) 88-1211 319) or Koen Swaghoven (+31 (0) 88-1211 435). We are here for you!
