Where the business operates across more than one location, it is eligible for an increased cap of €10,000 per location, up to a maximum amount of €30,000 per month.
“This is very welcome news for business owners who are experiencing real challenges with the cost of their energy bills,” said Mr McGrath. “The TBESS was the single largest item announced on budget day, and will provide substantial support for businesses who are facing large increases in their energy costs.”
“I encourage businesses to log on to Revenue’s online service, register and submit their claims, or, where necessary, engage with their advisers and accountants in order to apply and submit claims because we want to ensure this scheme helps to protect jobs and keep businesses going during this difficult trading environment,” he said.