Sales replacement for November
Sales replacement for November
Sales replacement for November
From November 6th, the lockdown revenue replacement can be requested from FinanzOnline. However, please note the following details and key data:
All companies that are directly affected by the restrictions of the ordinance (such as accommodation providers, organizers, restaurants, the leisure industry) receive the lockdown sales compensation of a flat rate of 80%. Unconditional requirements for the application are a seat, a permanent establishment or operational activity in Austria, no ongoing insolvency proceedings and also a job guarantee for the period from November 3 to 30, 2020.
Where do I apply for the lockdown revenue replacement?
The replacement can be requested from FinanzOnline with immediate effect. The company concerned can apply for the replacement of sales as well as us. However, the application must be submitted by December 15, 2020 at the latest.
- The loss of sales in November 2020 will be compensated with up to 80%.
- The maximum payout amount per company is EUR 800,000. The aid will be transferred to the account specified in the application within 14 days.
- Start-ups can also apply for the grant. The company only needs to have generated sales before November 1, 2020.
- The lockdown sales replacement can also be applied for for sole proprietorships, freelance artists and associations, regardless of the corporate form.
- Companies that generate sales by expanding their business activities (such as the aforementioned delivery services) are also fully eligible. Revenues that are generated by a directly affected company within a directly affected industry are not harmful, are not offset and do not reduce the sales compensation.
- If no sales were made in November 2019, the company concerned is entitled to the minimum amount (EUR 2,300.00).
- If the entrepreneur is fundamentally directly affected and, as part of his business activity, generates both sales in an industry that is directly affected by the restrictions of the lockdown according to the criteria in the regulation, as well as sales in an industry that is not affected, he receives 80% of those industry shares that are directly affected are replaced. With the care of a prudent and conscientious manager, the applicant has to estimate the percentage of how much is accounted for by the industry concerned.
- The revenue replacement is based on the industries in the sense of the European ÖNACE classification. If all of the company's activities are part of the industries concerned, 80% of the total sales are replaced.
- An entrepreneur who only ever had take-away sales is not affected by the regulation and can continue his business operations without restriction. Therefore, he is not entitled to reimbursement of sales.
- Hotels that accommodate business travelersare fully eligible.
- In principle, the relevant is the turnover that was specified in the advance VAT return (UVA) November 2019. If no UVA had to be submitted for the month of November 2019, the sum of the sales specified in the UVA for the 4th quarter of 2019 will be divided by three.
- In principle, it is only necessary to offset the previously received subsidies once the upper limit of EUR 800,000 has been reached.
- Payments from the hardship fund, fixed cost allowance and short-time work do not have to be offset
- Short-time working and sales replacement can be combined. Incidentally, this rule applies regardless of the number of employees and the size of the company
- For agriculture and forestry, which is directly affected by ancillary branches such as a wine tavern, as well as for private room renters, a revenue replacement is processed by the Federal Ministry of Agriculture, Regions and Tourism.
- Companies that give notice of termination to employees in the period from November 3, 2020 to November 30, 2020, are excluded from the reimbursement of sales
As soon as you send the application for a turnover replacement in FinanzOnline, you will also receive a response in FinanzOnline. If you have overlooked this feedback, you can check the submission of your application via the Admin / Outgoing Mail Book menu.
Who is not entitled to:
Financial penalties or aggressive tax planning in the past can lead to exclusion from the application (see point 3 of the guidelines). Then of course companies for which insolvency proceedings are pending in November 2020 or at the time of filing the application (but does not apply to companies for which reorganization proceedings have been opened). Banks, insurance companies, securities service companies, pension funds and associations that are not entrepreneurial within the meaning of the Value Added Tax Act are also not eligible.
Newly founded companies that did not generate any sales before November 1, 2020. AND OTHERWISE? The company may not have received a financial penalty in connection with a reduction in the tax assessment base of at least 100,000 euros in the last three assessed years. AND: In the last five assessed years, companies must not have been subject to the prohibition of deduction (Section 12 (1) No. 10 of the 1988 Corporate Income Tax Act) or additional taxation, change of method (Section 10 Corporate Income Tax Act 1988) with an amount totaling more than 100,000 euros. If the amounts have been disclosed, they are not harmful up to an amount of 500,000 euros. In the last five years prior to filing the application, no final financial penalty or a corresponding association fine that exceeds 10,000 euros due to willful intent may not have been imposed.
Your accountant will be happy to support and advise you!Your contact person:
credentials: Woom Bike, Do & Co, Ascom Austria, Pluradent Austria, Festool Austria, Cycleenergy AG, subsidiaries of the Würth and EVN Group, ...
