
As from May 6th, you can apply for NOW wage cost subsidy 3.3
What do we need in order to arrange the application for you?
Over what period do you calculate the loss of turnover?
The fifth application period covers a period of three months, starting from April, May or June. Did your company receive a compensation for the fourth application period? If so, the 3 months of the fifth application period must align to the 3 months of the fourth application period over which your turnover loss has been calculated. If you have not received a compensation for the fourth application period, you can decide yourself when you would like the period to start. You can choose to use the turnover figures of April-May-June, but also of May-June-July or June-July-August 2021.
Has your company taken over a (part of a) company between the 1st of January 2019 and the 2nd of February 2020? Then you may select the period over which you calculate your turnover. This can be your turnover in 2019, or the turnover since the acquisition up to and including the 29th of February 2020. If you do not inform Interfisc about a possible acquisition during this period, we will assume in the application that there have been no acquisitions.
How is the loss of turnover determined?
The compensation is determined on the basis of the expected percentage decrease in turnover that your company will incur.
To determine this percentage of losses, the following data must be compared to eachother:
- Turnover figures for the full year 2019.
- (Estimated) Turnover figures for the period in which NOW 3.3 is applied for.
The estimated percentage of turnover decrease is determined as follows:
¼ turnover 2019 -/- turnover NOW 3.3, devided by ¼ turnover 2019 x100% = ….% decrease in turnover
The compensation is determined on the basis of the expected percentage decrease in turnover that your company will incur.
What are your obligations with an application?
- The wage bill from June 2020 will also be taken into account in the calculation. The wage bill from the chosen period of loss of turnover may decrease by a maximum of 10% compared to the wage bill in June 2020 without this having any consequences for the definitive compensation. So keep the wage bill equal as much as possible to avoid having to repay a part of it.
- You have a best effort obligation to guide your employee to another job if you dismiss an employee or if his contract expires. If you submit an application for economic dismissal, you also have the duty to report this to the UWV. If you fail to do this, your definitive allowance will be reduced by 5%.
- Keep records of administration that allow the UWV to check whether you meet all the conditions for the allowance. Keep this for up to 5 years after the compensation has been determined.
- Inform your works council, employee representatives or your employees about the allowance.
- Continue to submit your payroll tax return on time.
- Do not pay out dividend and bonuses to shareholders, board and management, and do not buy your own shares. This only applies if the advance on the compensation is € 100,000 or more, or if the definitive compensation is € 125,000 or more. However, if a company receives compensation, the foreign parent company is allowed to pay out bonuses and dividends as long as this foreign parent company does not receive NOW itself in the Netherlands.
Final calculation
Related topics
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