Finance Bill to widen TBESS to include professionals

  • 📰 rtenews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 99%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

It is understood that new businesses will also be eligible for the TBESS scheme

When the €1.25 billion Temporary Business Energy Support Scheme was announced in last month's budget, it was originally planned to cover just Case 1 income or money made by businesses involved in trade such as shops, hotels and restaurants.

However, following representations from those involved in professional businesses, such as doctors, accountants, solicitors and dentists, who are classed as Case 2 by Revenue, the Government is to extend its scope to cover such firms.The fund aims to help mainly small businesses, covering up to 40% of the increase in energy bills up to €10,000 per month until February.

However, the Government has also decided that where a business operates from more than one location, the cap will be increased to a maximum of €30,000 a month.The supports will be open to businesses that are tax compliant and have experienced a significant increase in their natural gas and electricity costs.The Finance Bill sets out many of the legislative changes needed to implement many of the budget day announcements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

7 money-saving personal finance moves to start right now, according to a financial advisor | IMAGE.ieWith rising prices on all sides, from energy to interest rates, groceries to appliances, these practical finance moves will help you to fight the pressures of inflation and regain a little control on household spending
Source: image_magazine - 🏆 17. / 59 Read more »