Aid from the solidarity fund for companies affected by the covid crisis-19
Since the beginning of the Covid-19 epidemic, the French government has set up a solidarity fund to prevent the cessation of activity, especially for small businesses, micro-entrepreneurs, the self-employed and the liberal professions, who are particularly affected by the economic consequences of the health crisis.
Decree n°2020-1328 o
f November 2, 2020 specifies the new terms and conditions of aid within the framework of re-confinement and modifies Decree n°2020-371 of March 30, 2020.
Who can benefit from it?
The aid from the solidarity fund applies to companies particularly affected by the economic, financial and social consequences of the spread of the covid-19 pandemic and the measures taken to limit this spread.
The companies concerned by the solidarity fund are those created before :
- August 31, 2020 for the losses of September ;
- September 30, 2020 for October losses.
With the implementation of the new decree of November 2, 2020, the conditions of eligibility for the solidarity fund have been relaxed and now concern companies with fewer than 50 employees, with no conditions regarding turnover or profits.
Companies controlled by a holding company are also eligible provided that the combined workforce of the subsidiary(s) and the holding company is less than 50 employees.
Who can benefit from the solidarity fund for October 2020?
Initially, companies in sectors S1 and S1 bis located in October 2020 in curfew zones may benefit from the solidarity fund (see the list of companies concerned).
This includes, for example, the tourism, events, culture, sports and related sectors. These companies will have to justify a loss of turnover of at least 50% to be eligible for the enhanced aid, which is capped at 10,000 euros.
Companies outside the S1 and S1 bis sectors with a loss of more than 50% of turnover will be able to receive aid to cover their loss of turnover up to a maximum of €1,500.
Outside the curfew zones, companies in sectors S1 and S1bis having lost more than 70% of turnover will receive aid equal to the loss of turnover up to €10,000 within the limit of 60% of monthly turnover.
When the loss of turnover is between 50% and 70% of turnover, the aid is equal to the loss of turnover up to €1,500.
|In curfew zones : for companies in sectors S1 and S1 bis (appendix 1 and 2 of the decree) with a loss of more than 50% of turnover||Up to 10.000 euros of aid|
|In curfew zones : for companies outside the S1 and S1 bis sector with a loss of more than 50% of revenues||Aid equal to the loss of turnover within the limit of 1.500 €.|
|In non-curfew areas : for companies in sectors S1 and S1 bis with a loss of more than 70% of the turnover||Assistance equal to their loss of turnover up to € 10,000 within the limit of 60% of monthly turnover|
|In non-curfew areas : for companies in sectors S1 and S1 bis with a loss of between 50% and 70% of turnover||Aid equal to the loss of turnover within the limit of 1.500 €.|
Who can benefit from the solidarity fund for the month of November 2020?
The first case concerns administratively closed businesses and shops belonging to all sectors of activity (in particular those that do not fall into the category of essential businesses) as well as businesses closed in sector S1.
These companies will be eligible for aid equal to their loss of turnover up to a maximum amount of €10,000 over one month for the duration of the closure.
Then, companies in sector S1 bis, will receive aid equal to 80% of the loss of turnover up to a maximum of € 10,000.
Finally, companies outside the S1 and S1 bis sectors that have lost more than 50% of their turnover will be entitled to aid covering their loss of turnover up to a limit of €1,500;
How is the turnover of companies making distance sales with in-store collection or delivery calculated?
The turnover achieved by the company during the confinement must be taken into account when calculating the loss (distance sales with in-store collection, click and collect, delivery, etc…).
Thus, in order to calculate its actual loss of turnover, a restaurant operator will have to reintegrate the takeaway sales and the “click and collect” sales made during the confinement.
What are the steps?
All eligible companies can apply for aid on the website impots.gouv.fr in the personal space section. More precisely, in the secure messaging system you will have to click on ”write” and then ”I ask for help to companies weakened by the Covid-19 epidemic”.
The service is open:
Until November 30 for the losses of the month of September;
From November 20 to the end of December for losses related to the month of October;
From the beginning of December for the losses of the month of November.
You will have to prepare :
– An estimate of your turnover loss;
– A sworn statement attesting to the accuracy of the information declared.
Déborah Zerbib has several years of experience in the field of personal and international taxation after a Master II specialized in Tax Law.