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RMcH states:I have been getting some queries from client in relation Temporary Business Energy Support Scheme (TBESS)
Revenue has published its guidelines for the Temporary Business Energy Support Scheme (TBESS).
Sections 87 to 89 of Finance Bill 2022 make provision for the TBESS, which will assist businesses with their electricity or natural gas costs over the winter months. The scheme, which will be administered by Revenue, provides for a cash payment to qualifying businesses.
The scheme will be open to businesses that:
The scheme is designed to be compliant with the EU State Aid Temporary Crisis Framework. This means that EU Commission approval will be required for the scheme before any payments can be made to businesses.
Information on the scheme is contained in the TBESS guidelines. Further information will be published in the coming weeks, including on how businesses can submit claims via Revenue’s Online Service.
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