Revenue has updated the TBESS guidelines including the recent alterations of the scheme.

Ministerial Order have already included the extension of the scheme to April 30th 2023 and to add, from claim periods from March 1st onwards:

  • the monthly limit of €10,000 has been increased to €15,000 per trade/profession pursued by a qualifying business.
  • the €30,000 a month limit for those cases where trades/ professions are carried out from more than one location raises to €45,000

The following changes will be updated on Revenue guidelines once the State Aid has approved:

  • Scheme further extended until 30th May 2023
  • Reduction of 50% energy cost threshold to 30%, with effect from September 2022
  • For claim periods from 1st March 2023 increase in the amounts payable under the scheme from 40% to 50% of a business’ eligible costs
  • Extension of the time limit for all claims to 31st July 2023

Notes:

Revenue will process claims using the 30% threshold once State Aid approval has been received to revise the threshold. Businesses using the scheme will not have to amend previously submitted claims

Businesses who have qualified for the TBESS can continue to make claims for September 2022 to February 2023 claim periods. Revenue should advise businesses in the near future as to when claims for the March 2023 claim period can be claimed