VAT and Tax Credits: acceleration of reimbursements

• CIR, CII, CICE: payment within a few days. Possibility of requesting reimbursement of the balance now, without waiting for the submission of your tax return (in the VAT and Tax Credits category: acceleration of reimbursements)
• VAT refund: payment within days
• Additional time is granted to companies unable to submit their income statement on time for the financial years ending December 31, 2019. The filing deadline currently set for May 20 is postponed to May 31, 2020.
• No payment deferral or remission of VAT rights can be granted to businesses.
• How to benefit from the accelerated reimbursement of corporate tax credits and VAT credits?
  An accelerated procedure for reimbursing refundable corporate tax claims in 2020 is being implemented in order to provide financial assistance to businesses in difficulty. If your company benefits from refundable tax credits in 2020, you can now request the reimbursement of the balance of the available debt. All information is available by clicking here.

Carrying over of the tax due dates of the companies of May 2020:

• All tax filing deadlines and other similar returns for May are postponed to June 30.
• Companies experiencing difficulties may request the postponement of payment of the May tax deadlines.
• For large companies and large groups (more than 5,000 employees or € 1.5 billion in turnover): deferrals of payment deadlines will only be granted in the absence of payment of dividends or share buybacks until the end of the year.

H2020: new calls for projects to respond to the crisis

• Temporary working capital support for SMEs and facilitation of investments for companies responding directly to the health crisis: ERDF and Financial Instruments
• Funding for response capacities to the COVID-19 epidemic retroactive since February 1, 2020
• Broadening the thematic field of intervention and increasing the amount of 25% subsidy advances: Solidarity Fund

EXCEPTIONAL PREMIUM

Ordinance No. 2020-385 of April 1, 2020 amending the deadline and conditions for payment of the exceptional purchasing power bonus was published in the Official Journal of April 2, 2020. This ordinance allows:

• Postponement of the maximum premium payment date to August 31, 2020
• The abolition of the obligation of the incentive agreement
• 1000 € for companies without interest agreement
• € 2,000 for companies with an interest-sharing agreement on the date of payment of the premium
• Signing of a profit-sharing agreement possible until 08/31/2020
• Additional beneficiaries: employees and temporary workers who are in the workforce on the date of filing the company agreement or signing of the unilateral decision of the employer
• New case of premium modulation: working conditions linked to Covid-19

Solidarity fund:

Use of the solidarity fund for individuals (self-employed workers, artist-authors, etc.) and legal entities under private law (companies, associations, etc.) carrying out an economic activity and who meet the following conditions:
• Start of activity before February 1, 2020
• Not having filed a cessation of payment declaration as of March 1, 2020
• Have a workforce of less than or equal to 10 employees
• Having achieved a turnover excluding tax during the last closed financial year of less than €1M
• Have a taxable profit for the last closed financial year of less than €60k
• Have either been subject to an administrative ban on welcoming the public between March 1 and 31, 2020, or have suffered a loss of turnover greater than 50% during this period compared to the previous year

Entrepreneurs not previously eligible are now eligible: farmers in groups, companies in difficulty/governance, collaborating spouses, etc.

In this case you can claim the aid below:
• €1,500 paid at the beginning of April (proportional to the loss of turnover over the last 12 months of 2019, if we lost €800, we recover €800)
• Additional aid of €5,000 on a case-by-case basis if the €1,500 is not sufficient (possible from the week of March 30, 2020).
Conditions : be a self-employed or self-employed worker, self-employed manager of a small business with less than €1 million in turnover, and having suffered a loss of turnover of at least 50% in April 2020 compared to April 2020 or compared to the average monthly turnover in 2019.

The request for assistance of € 1,500 must be made electronically, no later than April 30, on the impots.gouv.fr site, and must be accompanied by the following supporting documents:
• Declaration of honor attesting that the company meets the conditions to benefit from it, the accuracy of the information declared as well as the regularity of its tax and social situation as of March 1, 2020
• Estimate of the amount of turnover loss
• Company bank details

For the request for additional flat-rate assistance of € 2,000, additional conditions are added:
• Have at least 1 employee
• Finding yourself unable to pay your debts within thirty days
• Have had a request for a cash loan of a reasonable amount made since March 1, 2020, refused

This request for additional assistance must be made electronically, no later than May 31 from the Regional Council service. It must be accompanied by the following supporting documents:
• Declaration on honor attesting that the company meets the conditions to claim it and the accuracy of the information declared
• Brief description of its situation, accompanied by a thirty-day cash flow plan, demonstrating the risk of cessation of payments
• Amount of loan refused, the name of the bank that refused it and the contact details of their contact at this bank

Updated April 16:

Second part of the solidarity fund:

Aid of between €2000 and €5000, for this you must meet the following criteria:
1. Have benefited from component 1 of the National Solidarity Fund
2. Employ, as of March 1, 2020, at least one employee on an indefinite or fixed-term contract
3. Prove a negative balance between, on the one hand, their available assets and, on the other hand, their debts due within thirty days and the amount of their fixed charges, including commercial or professional rents, due to title of the months of March and April 2020
4. Having requested a cash loan of a reasonable amount since March 1, 2020 from a bank of which they were a client on that date and having seen this request refused by the bank or remaining unanswered after a period of ten days.
The amount paid varies depending on the turnover of the company:

• < 200k€ = 2000€
• Between €200k and €600k = €3500
• > 600k€ = 5000€

The South Region participates in the National Solidarity Fund to the tune of 36 million euros

For more information, click here

The Solidarity Fund in a few figures:

Since April 1, the Solidarity Fund has made it possible to grant €1.32 billion in aid to 990,000 beneficiaries. You can consult the dashboard which gives you access to all the aid provided by sector, by region and by department by clicking here.

Other help?

Freezing of payments for current charges: energy, water, gas: the order of March 25 provides for very small businesses the possibility of staggering the payment of invoices after the crisis, of prohibiting cuts in the event of non-payment or the application of financial penalties (in the event of refusal to pay instalments, you should call the BPI crisis unit:
04 91 39 34 80
Beneficiaries of the deferral of invoices for current charges: companies eligible for the Solidarity Fund or which continue their activity within the framework of a safeguard procedure, judicial recovery or judicial liquidation.
Provisions set out in the order of March 25, 2020 have also been put in place on issues of closing and validation of accounts: obligation to close accounts extended by 2 months, validation of accounts extended by 3 months.
A geolocation platform for businesses open during the crisis has opened in Bouches du Rhône

Banks and bank loans in progress:

• To be negotiated directly with your bank (or the structure which issued the financing),
• For zero-interest loans, deferral of payment of maturities is automatic,
• Banks can grant up to 6 months of suspension,
• Banks will not charge penalties, there will be no additional costs for deferring deadlines.