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Revenue: The Temporary Business Energy Support Scheme

The TBESS is a scheme by Revenue that will assist businesses with their electricity or natural gas costs during the winter months. The scheme is open to tax compliant businesses that carry on a trade or profession and have experienced an increase of 50% or more in their energy average unit price. Qualifying businesses can claim for 40% of the increases in their energy bills, subject to a monthly cap. Qualifying businesses are tax compliant, carry on a Case I trade or Case II profession, and have experienced a significant increase of 30% or more in their electricity or natural gas average unit price.

 

Revenue: The Temporary Business Energy Support Scheme LogoTo be eligible for the TBESS, businesses must meet the following criteria:

  • Be tax compliant and have a valid Tax Clearance Certificate
  • Carry on a Case I trade or Case II profession (this includes charities and approved sporting bodies that carry on certain activities)
  • Have experienced an increase of 30% or more in their electricity or natural gas average unit price between the claim period and the reference period. A claim period is a calendar month from September 2022 to May 2023. A reference period is the corresponding calendar month in the previous year.
  • Be compliant with the European Union State Aid Temporary Crisis Framework and Transition (TCTF), which sets out overall limits on the financial support that may be claimed by single undertakings.

The value of the grant is equal to 40% of a business’ eligible costs for September 2022 to February 2023 claim periods and 50% of a business’ eligible costs for March 2023 to May 2023 claim periods. The eligible costs are the increases in the energy bills between the claim period and the reference period. The grant is subject to a monthly cap, which varies depending on the size and sector of the business. 

To apply for the TBESS, businesses must obtain copies of their energy bills for 2021 and 2022 and have Tax Clearance in place. Businesses can register and submit claims online through the Revenue Online Service (ROS). Payments will be made once the Finance Bill is enacted.

A limit applied to the total payments that a qualifying business could claim for each claim period. The limit was €10,000 for the September 2022 to February 2023 claim periods. The limit was increased to €15,000 for the March 2023 to July 2023 claim periods.

For more information see: https://www.revenue.ie/en/starting-a-business/tbess/index.aspx

 

Grant applications are a key specialty of Celtic Dynamics. We actively research and apply for grants on behalf of your company, ensuring you can access available financial assistance to optimise the overall cost of your energy projects.

How to Proceed:

Ready to secure funding for your energy-saving projects? Book a call with Celtic Dynamics to discuss the details further and receive a customised quotation. Our Energy Grant Applications service is designed to enhance your chances of success in securing grants for your energy initiatives.

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