Not too late to register for the Temporary Business Energy Support Scheme
The TBESS was introduced to support businesses with increases in their electricity or natural gas (energy) costs. To date only 10,361 businesses have registered for the scheme. SFA is encouraging all members to check the qualifying criteria and register today for this cost of living business support.
Your business can make a claim under the scheme if it:
- is tax compliant,
- carries on a Case I trade or Case II profession. This includes charities and approved sporting bodies that carry on certain activities, and
- has experienced a significant increase of 50% or more in its electricity and/or natural gas average unit price.
Qualifying businesses can claim for 40% of the increases in their energy bills. The increase in energy bills must be between the ‘claim period’ and the ‘reference period’.
A claim period is a calendar month from September 2022 to February 2023. A reference period is the corresponding calendar month in the previous year. For example, September 2021 is the reference period for the September 2022 claim period.
Further information on the scheme can be found on revenue.ie