Skip to main content

Overview

The TBESS helps businesses cope with rising energy costs by allowing them to claim 40% of their energy bill increases if they meet certain criteria.

To qualify, the business must be tax compliant and carry out a trade or profession that includes charities and approved sports bodies.

The business must have experienced a significant increase of 50% or more in its electricity or natural gas average unit price between the claim period (September 2022 to April 2023) and the reference period (the corresponding calendar month in the previous year).

Details on the scheme are available in the TBESS guidelines.

Claim amount

Qualifying businesses can claim a Temporary Business Energy Payment (TBEP) equal to 40% of their eligible energy costs, subject to a monthly cap.

State aid

The scheme complies with the EU State Aid TCF, which limits financial support for single undertakings.

Publication

Revenue will release a list of businesses that have utilized the TBESS, which includes their names, addresses, and the total amounts claimed.

To comply with the TCF, further information will be published for single undertakings whose claims exceed:

€100,000 for any claim period,

or

€10,000 per claim period for farming, fishery, and aquaculture activities.

Note:
A number of enhancements have been made to the TBESS.  Please see the next page in this section for further information.

Do you need more information?

At Beresford McArdle, we provide a you with a complementary consultation. Feel free to reach our to our team with any questions you may have.

Contact our team

Our Latest News

Celebrating Success: Tara Kenny’s Triumph in Chartered Accountancy Exams

| News | No Comments
Celebrating Success: Tara Kenny's Triumph in Chartered Accountancy Exams Achieving the status of a Chartered Accountant is a significant milestone, symbolising not only a profound depth of knowledge but also…
Changes that may affect your payroll and HR procedures in 2024

Changes that may affect your payroll and HR procedures in 2024

| News | No Comments
Changes That May Affect Your Payroll And HR Procedures In 2024 We’d like to take the opportunity to remind you of some upcoming changes that may affect your payroll and…

Important Update: Reporting Employee Expenses and Benefits Starting 01 January 2024

| News | No Comments
Introduction of Section 897C in the Finance Act 2022 The Finance Act of 2022 has introduced a significant amendment with the inception of Section 897C. This new section mandates employers…

VAT Rate for the hospitality sector will increase to 13.5%

| News | No Comments
VAT Rate Changes Effective 1st September 2023 What's Changing? As of 1st September 2023, the Irish VAT rate for specific goods and services, predominantly in the tourism and hospitality sectors,…

Leave a Reply