Brid Heffernan, Tax and Public Policy Lead, Chartered Accountants Ireland said
“The TBESS amendments announced today are an encouraging example of government taking business feedback on board and responding proactively.
“Businesses will benefit from the increased level of relief which moves from 40% to 50% of eligible costs, and businesses with unmetered energy sources will be eligible to apply for a new grant outside of TBESS. These measures along with the reduced qualification threshold of 30%, and the extension of the scheme to 31 May, should allow it to reach its potential.
“Crucially, the reduced threshold will be back dated to September 2022, when the scheme was introduced, meaning that qualifying businesses should be able to make claims for the costs incurred during the winter months.
“When first announced, TBESS represented a potential lifeline for businesses, but in practice it fell short, something that we highlighted to government on behalf of our members. Simple and speedy implementation of the measures announced today are key to its success in the coming weeks and months.”
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