In the sphere of event industry, costs are usually incurred long before the event itself. Costs may be incurred throughout the year (e.g. festivals and fairs). Are the costs incurred outside the cost support period taken into account when assessing eligibility? If so, how does one prove at which point of time these costs have incurred?
According to Article 4 (1) (4) of the Law on fixed-term Business Cost Support, the criteria for determining Cost Support may include non-flexible operating costs and losses duly justified by the company during the grant period which are definitive and for which no cost support has previously been granted. Only costs for the support period (1.6.-31.10.2020) can be supported with Cost Support. Expenditure incurred outside the aid period is therefore in principle ineligible. However, it is possible to include, for example, advance payments for venue and equipment related to an event during the grant period (1 June to 31 October 2020) and subsequently canceled, if the advance payments have been final for the company and it is therefore not possible to obtain refunds or credits elsewhere.