The Minister for Finance, Paschal Donohoe TD has today (Thursday) welcomed the publication by Revenue of the guidelines for the Temporary Business Energy Support Scheme (TBESS).
The Temporary Business Energy Support Scheme (TBESS), as announced on Budget day, will assist businesses with their energy costs during the winter months.
The Finance Bill as published last week gives the legislative detail underpinning the scheme, and the publication of the guidelines today gives further detail in terms of operationalising the scheme.
Speaking today, Minister Donohoe said:
“TBESS is the largest single item announced as part of Budget 2023, the Government’s cost of living budget that will help individuals, families and businesses deal with rising prices.
The scheme will provide much needed support to thousands of businesses across the country who are experiencing a material shock to the price of their energy inputs.
The guidelines published by Revenue today provide further detail to businesses and stakeholders on how the scheme will operate and be administered. The guidelines will be updated from time to time as the scheme becomes operational.
I expect the scheme to be open for claims to be submitted by the end of November, with the first payments being made to qualifying businesses shortly after.”
