Readers are reminded that the Temporary Business Energy Support Scheme (TBESS), designed to help businesses with energy costs, ends today, 31 July 2023. Under the scheme, announced in Budget 2023, €1.25 billion was set aside to help tax compliant trade and professional businesses cope with significant increases in their electricity and/or natural gas prices from September 2022 to 31 July 2023. Chartered Accountants Ireland advocated for several changes to the scheme throughout 2023, many of which were implemented. Businesses have until 30 September 2023 to submit claims under the scheme. Furthermore, the Department of Finance has published an assessment of the TBESS.
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