September 2022 TBESS claim deadline nearing

Businesses eligible for the Temporary Business Energy Support Scheme are urged to get their claims in as the closing date is 31st January 2023 for September 2022 claims.

To date €9.5 million has been approved for payment under the Scheme which was announced as part of Budget 2023 to help businesses cope with the recent rises in energy costs.

TBESS provides qualifying businesses with up to 40% of the increase in electricity or gas bills up to €10,000 per month. It is administered by Revenue, backdated to September, and will run until at least February 2023.

“This Scheme is open to all businesses, including sporting bodies and charities, who are tax compliant. So far 4,392 claims have been approved under the scheme to the value of €9.5 million, with €9 million already paid out,” said Minister for Enterprise, Trade and Employment Simon Coveney TD.

“Businesses can make a claim under the scheme if they have experienced a significant increase of 50% or more in electricity and or natural gas average unit price. We want as many businesses as possible to get their claims in, so I’d encourage them to continue doing so.”

Businesses should be aware that the window for September claims will close at the end of this month. Claims from October onwards can be made after this point within the monthly deadlines.

Eligibility

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)

• has experienced a significant increase of 50% or more in electricity and/or natural gas average unit price

You can use Revenue’s online calculator to determine if your business meets the energy costs threshold.

Making a claim

Qualifying businesses can claim for 40% of the increases in their energy bills, subject to a monthly cap. The increase in energy bills must be between the ‘claim period’ and the ‘reference period’. Claims for an electricity or natural gas bill must be made within four months of the end of the claim period.

The next dates for your diary are:

• October 2022 claims close 28 February 2023

• November 2022 claims close 31 March 2023

• December 2022 claims close 30 April 2023

• January 2023 claims close 31 May 2023

• February 2023 claims close 30 June 2023

For more information and to make a claim, visit TBESS (revenue.ie).