Revenue has updated its guidelines for the Temporary Business Energy Support Scheme (TBESS) to reflect recent enhancements of the scheme.
Changes that have already been introduced by Ministerial Order include the extension of the TBESS to 30 April 2023 and, for claim periods from 1 March 2023 onwards:
- The €10,000 monthly limit on payments under the scheme has been increased to €15,000 per trade or profession carried on by a qualifying business, and
- The €30,000 limit has been increased to €45,000 per trade or profession in cases where the trade or profession is carried on from more than one location.
Revenue will further update the TBESS guidelines once State Aid approval is received for the following proposed enhancements:
- Extension of the scheme to 31 May 2023
- Reduction of the energy costs threshold from 50 percent to 30 percent, with effect from 1 September 2022
- Increase of the amount payable under the scheme from 40 percent to 50 percent of a business’ eligible costs for claim periods from 1 March 2023 and
- Extension of the time limit for all claims to 31 July 2023.
Revenue will automatically process claims using the revised 30 percent threshold once State Aid approval is received to revise the energy costs threshold. Businesses will not need to amend claims that have already been submitted.
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.
Eligible businesses can continue to register for the TBESS as normal.