Fonds de Solidarité financial aid – Changes as at 1 December 2020
Newsletter - December 2020
Since the beginning of the health crisis, a fonds de solidarité (solidarity fund) has been available for small and very small businesses and the self-employed to avoid them shutting down. The fund changed on 1 December to support sectors the most exposed to the crisis and now includes medium-sized companies.
Who for?
- Businesses prohibited from receiving the public,
- All businesses in the tourism, events, culture and sports sectors (sector S1),
- Suppliers of businesses in the tourism sector and related sectors (sector S1 bis),
- All other businesses.
Allocation and Amount of Aid for December
- Businesses prohibited from receiving the public: restaurants, bars, night clubs, etc.
Option between:
- Aid of up to €10,000,
- Or compensation of 20%of monthly revenue within the limit of €200,000 per month (cap of €200,000 for a group).
- All businesses in the tourism, events, culture and sports sectors (sector S1): if the company suffers a revenue loss of at least 50%, it may receive:
- Aid of up to €10,000,
- Or compensation of 15%of monthly revenue within the limit of €200,000 per month (20% of monthly revenue within the limit of €200,000 per month if the company loses more than 70% of its revenue).
- Suppliers of businesses in the tourism sector and related sectors (sector S1 bis): wholesalers, laundry services, etc., if the company has fewer than 50 employees and suffers a loss of revenue of at least 50%, it can receive aid of up to €10,000 within the limit of 80% of the revenue loss.
- Businesses that began operating before 31 December 2019 must also prove that:
- they lost at least 80% of revenue during the first lockdown,
- they lost at least 80% of revenue in November 2020 compared to November 2019.
- Businesses that began operating after 1 January 2020 must also prove that they lost at least 80% of revenue during the period between 1 November 2020 and 30 November 2020 compared to the average monthly revenue generated between the creation date and 30 November 2020.
- Businesses that began operating before 31 December 2019 must also prove that:
- For all other businesses: if the company has fewer than 50 employees and suffers a revenue loss of at least 50%, it can receive aid of up to €1,500.
Reference revenue used for the calculation
- For businesses existing on 1 June 2019: revenue of December 2019 or average monthly revenue in 2019.
- For businesses created between 1 June 2019 and 31 January 2020: average monthly revenue over the period between the creation date of the business and 29 February 2020.
- For businesses created between 1 February 2020 and 29 February 2020: revenue of February 2020.
- For businesses created after 1 March 2020: average monthly revenue generated between 1 July 2020, or the creation date of the business, and 30 September 2020.
How to apply
- Online early January on the DGFiP (Direction générale des finances publiques) website: connection to the company’s private account/Secure messaging system/Write/ “I request the aid for businesses impacted by the Covid-19 epidemic”,
- By providing the following information: SIREN and SIRET business registration numbers, bank account details, revenue for the month in question and the reference month, declarations, a sworn statement,
- The amount is calculated automatically based on the information declared,
- The DGFiP will perform a first verification and promptly pay the amount allocated to the applicant. A more in-depth verification may be performed by the DGFiP after payment.
All this financial aid is tax-free (income and corporate tax) and is not subject to social security contributions.
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