New information on bridging aid Phase 2 and the November aid
© andranik123 / Adobe Stock
Share >

New information on bridging aid Phase 2 and the November aid

We have already provided you with information on the topics of the bridging aid Phase 2 and the November aid. Now there is new information on the bridging aid Phase 2 and the November aid. Here you can find an overview on all information.

New information on the bridging aid Phase 2

It has been decided to extend the application deadline. You can now submit applications for bridging aid Phase 2 until 31 January 2021. So far this has only been possible until 31 December 2020. Please find more information on this in the FAQ on bridging aid in section 3.5.

Based on our experience, we can inform you that we are not yet aware of any payments of the bridging aid Phase 2. We hope that the disbursement phase will start soon.

New information on the November aid

Applying for the November aid

As we have already informed you, the application for the November aid will probably start on Wednesday, 25 November 2020.

Processing of the applications for the November aid

It remains to be seen when the processing of the applications submitted will take place and when the first regular payments will be made. We believe that the technical processing will take some time.

Payment of the November aid

It has been announced that payments will be made by the end of November 2020.  Companies will receive a payment of up to 50 percent of the amount applied for, but not more than 10,000 euros.

Who benefits from the November aid?

For solo self-employed persons, the November aid will include simplification measures. The definition is important: applicants who do not have any employees are considered to be solo self-employed. This does not mean sole entrepreneurs who have one or more employees.

The government’s lockdown order regulates who is considered to be directly affected in terms of the November aid. Lockdown in the sense of the November aid is:

The period in November 2020 for which industry-wide corona-related closures of operations or operating restrictions were ordered by sovereign authority within the meaning of No. 1 in conjunction with No. 5 to 8 of the Federal Government and Federal State Decree of 28 October 2020.

Recipients of the November Aid:

 

  • Directly affected companies

Companies and solo self-employed persons who had to cease business operations due to the closure regulations of the federal and state governments issued on the basis of the decision of the federal and state governments of 28 October 2020.

Accommodation establishments and event venues are already considered by definition as directly affected companies.

 

  • Indirectly affected companies

Companies and self-employed persons who can prove that they regularly and demonstrably generate at least 80% of their turnover with companies directly affected by the above measures.

It is still unclear how you can prove this and what exactly regular means.

 

  • collaterally and indirectly affected companies

Companies and self-employed persons who regularly generate at least 80 percent of their sales through deliveries and services on behalf of companies directly affected by the measures via third parties (e.g. event agencies).

These applicants must prove beyond doubt that in November 2020 they suffer a drop in turnover of at least 80 percent compared to the comparative turnover due to the closure orders on the basis of paragraphs 5 and 6 of the decision of the Federal Government and the Länder of 28 October 2020.

Again, it remains open what is meant by „regularly“ and how the conditions can be proven „beyond doubt“.

Our evaluation

We hope that by the start of the November assistance at the latest, the FAQs of the authorities will also provide answers to all outstanding questions.

Furthermore, we hope that the Federal Chamber of Tax Consultants, which has already provided corresponding coordinated statements on the bridging aids 1 and 2, will support us regarding those outstanding questions.

We will provide you with further details in our blog at the latest when the application is launched

Keinen Blogbeitrag mehr verpassen - hier registrieren...

Lars Rinkewitz
Lars Rinkewitz
Tel.: +49 211-90 86 70
Steuerberater
Beraterseite