The Temporary Business Energy Support Scheme (TBESS) is now open for registration.
The initiative, which will be administered by the Revenue Commissioners, will assist businesses with their electricity or natural gas (energy) costs during the winter months.
Businesses can submit claims from December 5. First payments from the TBESS will be available to business owners by the end of the year, once Finance Bill 2022 is enacted in December.
Minister and Fianna Fáil TD for Donegal, Charlie McConalogue, welcomed the opening of the scheme.
“I urge all eligible businesses across Donegal to apply for the scheme and if I can be of any assistance in the matter, please don’t hesitate to contact my office,” Minister McConalogue said.
“The scheme will be vital for businesses and will ease the pressure that they face during the winter period. Businesses that qualify will get up to 40% of the additional costs they are facing, up to €10,000 per month until February,” he added.
The TBESS will assist qualifying businesses with their electricity or natural gas (energy) costs from 1 September 2022 to 28 February 2023. Eligible businesses can register for the TBESS, via the e-Registration facility in Revenue’s Online Service (ROS), from today Saturday 26 November 2022.
A claim portal in respect of TBESS will be available via the eRepayments system on ROS in early December.
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.