{"id":8957,"date":"2020-10-27T15:37:38","date_gmt":"2020-10-27T14:37:38","guid":{"rendered":"https:\/\/www.everestnotariaat.com\/?p=8957"},"modified":"2026-03-10T13:51:02","modified_gmt":"2026-03-10T13:51:02","slug":"control-now-regulation-1","status":"publish","type":"post","link":"https:\/\/everestnotariaat.com\/en\/control-now-regulation-1\/","title":{"rendered":"Control NOW-regulation 1"},"content":{"rendered":"<div class=\"et_d4_element et_pb_section et_pb_section_0  et_pb_css_mix_blend_mode et_section_regular et_block_section\" >\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_d4_element et_pb_row et_pb_row_0  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_4_4 et_pb_column et_pb_column_0  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_0  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><em>In the first phase of the corona crisis, nearly 140,000 organisations applied for an advance payment on wage costs under the First Temporary Emergency Bridging to Maintain Employment (NOW 1).<\/em><\/p>\n<p><em>The purpose of NOW 1 is to support employers who are facing a substantial loss of turnover as a result of the corona crisis.<\/em><\/p>\n<p><em>Employers were able to apply to the UWV for an advance payment to cover their wage costs for the months of March, April and May. On the basis of the application, the UWV provided advances amounting to 80% of the expected compensation. Now, a few months later, it is time to investigate the situation and draw up a final statement.<\/em><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div><div class=\"et_d4_element et_pb_row et_pb_row_1  et_pb_css_mix_blend_mode et_block_row\">\n\t\t\t\t<div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_1  et_pb_css_mix_blend_mode et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_image et_pb_image_0\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<span class=\"et_pb_image_wrap \"><img decoding=\"async\" src=\"https:\/\/www.everestnotariaat.com\/wp-content\/uploads\/2020\/10\/foto-blog-NOW-1.jpg\" alt=\"\" title=\"foto blog NOW 1\" \/><\/span>\n\t\t\t<\/div><div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_1  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\"><span style=\"color: #ff9900;\"><strong>Final statement based on actual decrease in turnover<\/strong><\/span><br \/>\nIn order to be able to make the final statement, the actual decrease in turnover in the months March, April and May is taken into account. Based on this, the amount of the final compensation can be calculated and it is determined whether a correction to the previously paid advance is necessary. The research differs per organization and depends on the size of the enterprise and the amount of the subsidy.<\/p>\n<p><strong><span style=\"color: #ff9900;\">Different gradations in intensity of audit<\/span><\/strong><br \/>\nAccountants have an important role to play in the final settlement. Different gradations have been chosen in the intensity of the audit, so that the administrative burden is proportional to the actual risk of fraud.<\/p>\n<p>If the advance amount paid is less than \u20ac20,000 and the subsidy amount is ultimately less than \u20ac25,000, there is no need for an additional check. However, <strong><em>random<\/em><\/strong> checks will be carried out. So it remains important for every enterprise to keep the administration in good order!<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div><div class=\"et_d4_element et_pb_column_1_2 et_pb_column et_pb_column_2  et_pb_css_mix_blend_mode et-last-child et_block_column\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_module et_d4_element et_pb_text et_pb_text_2  et_pb_text_align_left et_pb_bg_layout_light\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"et_pb_text_inner\">Enterprises whose subsidy amount is between \u20ac25,000 and \u20ac125,000 require a third party statement to prove the legitimacy of the subsidy. This statement may be issued by an administrative office, tax consultant or accountant.<\/p>\n<p><span style=\"color: #ff9900;\"><strong>Auditor's report<\/strong><\/span><br \/>\nAbove \u20ac100,000 as an advance or \u20ac125,000 as a subsidy amount, the enterprise must issue an auditor\u2019s report.<\/p>\n<p><em>The intensity of the audit depends on the amount of the subsidy and whether or not the enterprise is subject to audit for its annual accounts.<\/em><\/p>\n<p>The limit amount is set at \u20ac 375,000. If the enterprise is entitled to a subsidy of less than \u20ac 375,000 and does not meet the criteria for the obligation to audit the annual accounts, an auditor\u2019s report is sufficient. More accountability is expected from enterprises that are entitled to a subsidy of more than \u20ac 375,000 and have annual accounts that require an auditor. These enterprises are required to issue an audit product whereby the auditor provides a reasonable degree of assurance. The amount of the subsidy justifies this intensive investigation.<\/p>\n<p><em>The aim is that organisations that have used NOW 1 are able to submit a request for their subsidy to be definitively determined as of <strong>7 October 2020<\/strong>.<\/em><\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As a result of the corona crisis, employers were able to apply to the UWV for an advance payment to cover their wage costs for the months of March, April and May. Now it is time to investigate the situation and draw up a final statement.<\/p>\n","protected":false},"author":5,"featured_media":10371,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"slim_seo":{"title":"NOW Regulation 1 Final Statement and Audit Requirements","description":"Discover how NOW 1 wage cost subsidies are finalized through turnover verification. Learn audit requirements, third-party statements, and auditor reports based on subsidy amounts."},"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-8957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/posts\/8957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/comments?post=8957"}],"version-history":[{"count":0,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/posts\/8957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/media\/10371"}],"wp:attachment":[{"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/media?parent=8957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/categories?post=8957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everestnotariaat.com\/en\/wp-json\/wp\/v2\/tags?post=8957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}