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Firms can submit energy-costs claims to Revenue

Revenue has said that eligible businesses, who have completed registration, can now begin submitting claims under the Temporary Business Energy Support Scheme (TBESS).

The scheme, announced in Budget 2023, is aimed at helping businesses with their energy costs over the winter.

More than 3,200 businesses have already successfully registered for the scheme.

Qualifying claims will be paid once the enabling legislation in Finance Bill 2022 has been signed into law later this month.

Payments by end of 2022

Revenue said that the claims portal was now available through the eRepayments system on Revenue’s Online Service (ROS).

Under TBESS, firms can claim payments for 40% of the increase in the value of energy bills in the period 1 September 2022 to 28 February 2023, when compared with the same billing periods 12 months previously.

According to Revenue, payments for September, October. and November of this year could be made by the end of the year, if businesses register and claim by the third week of December.

Guidance updated

Businesses must first complete registration via the electronic-registration facility in ROS.

Firms must hold a current tax-clearance certificate, and provide details of their trade and profession, together with details of their business electricity and/or natural-gas account.

Revenue has now updated its guidance on the TBESS, and has also launched a calculator to help firms.