The SME Fixed Costs Allowance (TVL) scheme is designed to help businesses affected by the coronavirus crisis meet their fixed costs. The deadline for applying for the second tranche of the TVL is 29 January 2021 (5.00 pm).
No surcharges either
Failing to submit the application (on time) does not just mean that you will miss out on the TVL. It also means you will not be entitled to the top-ups:
- in the hospitality sector, for stock and adjustment costs;
- in the retail sector, for stock costs.
You cannot apply for these surcharges separately. They are applied automatically if you belong to one of the designated sectors, have submitted a TVL application and meet all the conditions for receiving a TVL grant.
Not sure?
Are you unsure whether you meet the eligibility criteria for the TVL (for example, whether your loss of turnover was at least 30%)? If so, apply for the grant. After all, if it later transpires that you did meet the criteria, you will not be able to apply for the grant retrospectively.
If it later transpires that you are not, after all, entitled to the TVL, you simply submit a request for the grant to be set at zero. You do not need to provide any further supporting evidence. Naturally, you will have to repay the advance you received.
Grant period
The subsidy period for the second tranche of the TVL has already ended. After all, it covers the months of October, November and December 2020.
The subsidy period for the third tranche of the TVL is now underway. This covers the months of January, February and March 2021. However, it is expected that you will only be able to submit your application for this subsidy period from the start of February 2021.