Supports Of Up To €10,000 For Local Businesses Now Available – Richard Bruton TD
Businesses in Dublin can now claim utility cost relief under the Temporary Business Energy Support Scheme (TBESS), Richard Bruton TD for the area has announced.
The scheme was the largest single measure announced on Budget day to help businesses throughout the winter months.
The Fine Gael representative said: “Businesses in Dublin are facing a difficult and uncertain time with higher energy bills and weaker consumer demand and this scheme will go some way to alleviating that pressure.”
Under the scheme a business can claim 40% of the increase in energy costs i.e., 40% of the uplift in the bill as compared to the bill amount for a previous referenced period and while there is a monthly cap of €10,000, this may be increased to a maximum of €30,000 for businesses that operate from multiple locations, subject to certain conditions.
“This scheme will go even further than energy bills and will support businesses and protect our jobs in Dublin” said Richard Bruton. “An array of businesses can claim, including trading businesses, professional services, vocations such as Montessori schools, pre-schools and Early Childcare and Education services, and certain charities and sporting bodies who carry on a trading or professional activity.”
In terms of making the claim, businesses are required to demonstrate that its average unit price for electricity or gas on the relevant bill has increased by 50% or more as compared to the average unit price in the same month the previous year e.g., September 2022 vs September 2021.
“I would encourage business owners in Dublin to have their bills and tax clearance certs ready to ensure their claim can be processes by Revenue without delay,” Richard Bruton TD concluded.
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