Top Stories

More From Our Blogs

Temporary Business Energy Support Scheme (TBESS) – Update

Temporary Business Energy Support Scheme (TBESS) – Update

TBESS – Revenue has released it’s comprehensive guidelines on the operation of the scheme. The updated 88 page document provides details and examples to guide businesses on their eligibility. There is also details on the registration and claims process.

Highlights For Businesses

If your company Who can claim?

Most trades and professions, together with charities and approved sporting bodies that carry on certain activities are eligible businesses for the scheme.

The Threshold Test?

There must be at least a 50% increase in the business’s natural gas/electricity average unit price. This is between the relevant bill period in 2022 and the corresponding reference period in 2021.

How much can be claimed?

A monthly cap for a claim period of €10,000 applies, with a higher cap of €30,000 for a business that operates multiple locations.

How to register for TBESS and make a claim?

Registration is now available and from the 5th December businesses can make a claim on ROS. Revenue have built the claim portal within ROS and businesses will be able to populate with the relevant data from your energy bills and ROS will do the calculation for you.

What documents will be required?

Businesses will supply details of their electricity and/or gas bills for the claim period and reference period to Revenue on ROS. Revenue’s ‘Understanding Your Bill’ Guide provides some sample invoices and statements to assist businesses to identify what information is needed during the registration process. This Guide is expected to be updated to include information on the claims process shortly.

What is the time limit for making a claim?

The time limit for making a claim in relation to an electricity or gas bill is 4 months. This is from the end of the claim period to which the electricity or gas bill relates. Set out below are the relevant time limits for making a claim in respect of each claim period

When will I start to receive payments from Revenue on the TBESS?

Revenue will start to make payments in respect of valid claims once Finance Bill 2022 is signed into law, later this month

Solve Outsource,
Unit 10, Block 8, Blanchardstown Corporate Park,
Blanchardstown, Dublin 15. D15 EKC2

info@solve.ie
+353 (0) 1 54 45 375

Solve Outsource is a registered tax agent with the both the Irish Revenue and HM Revenue & Customs in the UK. Solve takes every measure to ensure security and confidentiality with round the clock backup and firewall protected servers.

Your Name
Company Name
Phone Number