The revenue Gas and Electric TBESS subsidy is now live.
If your company is a qualifying business and your electricity and/or gas costs unit price has increased by 50% of more for same period as last year you can apply for the subsidy.
You must hold a tax clearance certificate, be registered for income tax or Corporation tax and carrying on a qualifying trade as per this , revenue website.
The months you can review and claim for are September, October, November, December, January and February. You must compare the usage and unit price for each month for same period in the previous year.
For example if you electricity bill for September 2021, excluding VAT, was €200. Billing period 1 September to 30 September 2021 and is based on 1,000 units of electricity consumed.
And if you electricity bill for September 2022, excluding VAT, was €800. Billing period 1 September to 30 September 2022 and is based on 1,000 units of electricity consumed.
Your electricity unit price has clearly increased by over 50% EUR 600.00 so you can apply for the subsidy on ROS .
Please ensure that do the comparison on unit price per unit your business has used for Gas and Electricity.
You must apply for the EUR 160 (40% of the EUR 600 increase) subsidy on ROS and you must hold a current tax clearance certificate.
Please feel free to contact us if you need any help applying or registering for the subsidy