Again new deadline to report for final settlement
The Danish Business Authority has once again postponed the deadline for reporting for the final settlement. Originally from September 30, 2022 to October 30, 2022 and now to November 30, 2022.
We had barely published the news that the deadline to report for final settlement before the deadline has been postponed again. For the second time in two weeks, the Danish Business Authority has postponed the date for companies to repay compensation schemes from COVID-19.
The deadline applies to companies that have received fixed cost compensation, salary compensation and lost revenue compensation after summer 2020. Companies that have received compensation for on-site fixed costs (light) will soon receive an invitation to report to the final settlement for this scheme. The deadline will be stated in the invitation.
Report on time and avoid a refund claim
With the new deadline, the Danish Business Authority encourages the last companies to start reporting immediately. In order to receive compensation, it is a condition to report for the final settlement. Therefore, after the deadline of November 30, 2022, the Danish Business Authority will claim back the entire compensation amount for the periods for which companies have not reported.
All companies have received a letter about the new deadline in Digital Post. The deadline can also be found on My Virk under company activities.
Companies can report for final settlement of compensation for the following schemes and periods:
- Compensation for fixed costs for one or more periods between July 9, 2020 and February 28, 2022
- Salary compensation for one or more periods between August 30, 2020 and February 15, 2022
- Compensation for lost revenue for one or more periods between September 1, 2020 and February 28, 2022.
Get an overview of your company's final settlement
If you are in doubt about which compensation schemes and compensation periods your company must settle for, you can find help at Virk.dk. Here you can get an overview of the schemes and periods that apply to your company.
- Log in to Virk
- Click on 'Pending business'
- Click the arrow under 'Show more' for the compensation period you want to report for.
Report before the deadline
If the company does not report for final settlement before the deadline, the Danish Business Authority may require the company to pay back the entire compensation amount.
Do you need help?
You are welcome to contact us by phone +45 3929 0800 or write to us buusjensen@buusjensen.dk