We received the below updates from Revenue regarding the Temporary Business Energy Support Scheme. For those that had NOT previously met the qualifying criteria, or had considered the process to be cumbersome or difficult, please use this time while we await EU approval to familiarise yourself with the basics of the Scheme, or perhaps make contact with your bookkeeper/accountant and engage them to do the applications.
You should not leave YOUR money on the table.
The Minister for Finance has announced a number of enhancements to the Temporary Business Energy Support Scheme (TBESS), including the extension of the scheme beyond the end of February 2023.
Changes to the TBESS already made
Some of the changes have already been introduced by Ministerial Order, as provided for in Finance Act 2022. The scheme has been extended to 30 April 2023. For claim periods from 1 March 2023 onwards:
The TBESS guidelines have been updated to reflect these changes.
Proposed changes to the TBESS, subject to State aid approval
A number of other proposed enhancements to the scheme are subject to State aid approval. These are as follows:
Submitting TBESS claims from March 2023
Qualifying businesses can continue to make claims for the September 2022 to February 2023 claim periods. Revenue will advise businesses in due course when claims can be made for the March 2023 claim period.
Once State aid approval is received to revise the energy costs threshold, Revenue will automatically process claims using the revised 30% threshold. Businesses will not need to amend claims that have already been submitted.
Eligible businesses can continue to register for the TBESS as normal.