Corona debt hangs like a millstone around many entrepreneurs' necks

Published on 08/05/2023

Figures from the UWV show that more than €1 billion of the €3.9 billion inappropriately received NOW funds remain to be repaid. There are about 64,000 Dutch entrepreneurs who have not repaid anything by now. While they had to start repaying their tax debt accrued in corona time from 1 October 2022. The tax authorities have started their reminders to reclaim wrongfully received NOW schemes.

Requesting payment arrangements

Can't repay the amount in one go? Then agree a payment arrangement with the UWV online or by phone (via 088 - 898 20 04). You do not pay interest on the amount you have to repay, even if you request a payment arrangement. It is not possible to agree one payment arrangement for several periods at once and the UWV cannot set off repayments for different application periods against each other. 

Prevent problems

The main purpose of such a payment arrangement is to prevent companies from getting into trouble because they have to pay back large sums at once. But even if you make a profit as a company: a payment plan is entirely by the book. Xolv Finance's advisers will be happy to assist you in drawing up such a plan. Indeed, we specialise in an important part of the solution: financing. With our many decades of experience and knowledge of the market, we are able to attract the best possible financing for you. So you can get back to focusing on what you do best. Running and growing your business. Out with the ostrich and wind under your wings!  

Want to know more? Get in touch.