Revenue have issued an update on the TBESS scheme.
The scheme which covers the cost of gas and electricity between the period 1 September 2022 to 28 February 2023 for businesses has now an extended deadline.
Claims for an electricity or natural gas bill should be made within 4 months of the end of the claim period. Claims in relation to energy bills for September 2022 should, therefore, have been submitted by 31st January 2023. However, this deadline was extended by Revenue and claims can be made beyond 31 January 2023.
Revenue have also amended guidelines to clarify that public bodies engaged in passive activities cannot avail of the TBESS. A public body carrying on a trade or profession, the profits of which are chargeable to tax under Schedule D Case I or II, is an eligible business.
Please note this article is for information purposes and does not constitute advice. Details correct at time of publishing.