THE REQUEST FOR TVL Q1 2022 HAS STARTED THIS WEEK, FROM 28 FEBRUARY 2022

03/03/2022

The TVL, Tegemoetkoming Vaste Lasten, or the fixed costs allowance is a financial scheme support from the Dutch government to help companies with a drop loss or negative revenue due COVID19 measurements. Upon request and application, this government allowance meant to support the companies to cover part of their fixed costs (TVL).

There are general terms and conditions apply to all companies and for certain companies, there are some additional conditions, to be eligible for the TVL Q1 2022.

The following are the general terms and conditions which apply to all companies:

• A loss of 30% or more of the revenue in Q1 2022 compared to Q1 2019 or Q1 2020.
• A minimum fixed costs of EUR 1,500 quarterly, based on the percentage of fixed costs of the main business activity (SBI code), thus it is not the actual fixed costs.

If the conditions are met, SME’s can receive allowance or subsidy amount maximum of EUR 550,000 for the first quarter. For large size companies, the maximum allowance amount can be granted is up to EUR 600,000.

How to apply TVL Q1 2022

Online application is available, the TVL Q1 2022 can be requested online from home. The following are the data required.

• Chamber of Commerce data, some information filled in automatically, but check if it is correctly entered.
• Identification: e-Herkenning level 3 with authorization 'RVO services at level eH3' (or higher) or DigiD (owner or director of the company).
• Contact information.
• The bank account number of the company.
• The expected revenue, the revenue includes all income without VAT, and before deduction of costs and fixed costs.
• The revenue period for the comparison data reference. For the reference period depends on the date on which the company was first registered in the Trade Register of the Chamber of Commerce.
• Additional data or information (if required), such as a third-party statement or audit product.
• For large size company, a Declaration ‘not in financial difficulties, and the overview of the group company structure are required.

In the official Dutch government website for businesses/enterprises, www.rvo.nl. the complete information relates to the TVL are available for applicants, such as eligibility for TVL, application process, fixed costs calculation, list of SBI codes etc.

 

Sources

https://www.rvo.nl/subsidie-en-financieringswijzer/tvl

https://www.rvo.nl/actueel/nieuws/tvl-q1-2022-aanvragen-start-met-de-voorbereiding

https://www.rvo.nl/actueel/nieuws/tvl-q1-2022-opent-28-februari

https://www.rvo.nl/subsidie-en-financieringswijzer/tvl/tvl-q1-2022/voorwaarden

https://www.rvo.nl/subsidie-en-financieringswijzer/tvl/adviestool

 

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