TVL rising to 100% in second quarter, TONK expanded

The compensation available under the Reimbursement of Fixed Costs for SMEs scheme (TVL) is being increased once again. For the second quarter of this year, i.e. from April to the end of June, compensation amounting to 100% of fixed costs will apply.

Additional funds are also being made available for income support via the Temporary Support for Necessary Costs (TONK) scheme. This was announced by the government on Friday, 12 March.

TVL

The TVL is a contribution towards fixed costs for entrepreneurs who suffer a drop in turnover of at least 30% as a result of the coronavirus crisis. This contribution was increased to 85% from 1 January and will be raised to 100% from 1 April.

TVL Rising – Article by SRA