The Temporary Business Energy Support Scheme (TBESS) that was announced by the Minister for Finance in September's Budget is now open for claims. Claims over the period September 2022 to February 2023 can now be made.
The main points of the Temporary Business Energy Support Scheme (TBESS)
- A rebate of up to 40% of the increase in energy costs incurred year on year is available for qualifying businesses.
- A monthly cap per trade of €10,000 applies, increasing to €30,000 where a trade is carried on from multiple locations.
- A business has four months to submit the claim from the end of each claim period.
- A business must have suffered at least a 50% increase in energy bills year on year, measuring each claim period from September 2022 to February 2023 against the corresponding month of the previous year.
- The scheme is operated by Revenue, and only tax-compliant businesses can apply.
- For further guidance, listen to our short video that outlines the TBESS.
The latest detailed guidelines from Revenue can be accessed here.
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