Temporary Business Energy Support Scheme (TBESS) Update
The claim period for the Temporary Business Energy Support Scheme (TBESS) ended on Monday, 31 July. Qualifying businesses have until 30 September 2023 to make claims for the calendar months from September 2022 to July 2023. Claims cannot be made after this date.
New PPSN disclosure requirement for Company Directors
Effective from 11th June 2023 (originally 23rd April 2023), directors are required to include their Personal Public Service Number (“PPSN”) when filing certain forms with Companies Registration Office (forms A1, B1, B10, B10a and B69) .
Changes to Company Directors Information - CRO
Changes to the Companies Act 2021 will require Directors of all Irish registered companies to supply their Personal Public Service Number (PPSN) to the Companies Registration Office (CRO).
Government Business Support
The Government has confirmed that the 9% reduced VAT rate for the hospitality sector has been extended to 31 August 2023. The reduced VAT rate will return to 13.5% from September 2023. Along with this, the Temporary Business Energy Support Scheme (TBESS) will be extended to the end of May 2023.
The Temporary Business Energy Support Scheme (TBESS)
The Temporary Business Energy Support Scheme (TBESS) has been introduced by Finance Bill 2022 to assist businesses with increased energy costs over the winter months. Businesses can now register for this scheme through ROS and the portal to claim repayments will open next Monday 5th December 2022.
Energy supports for business in 2023
As announced in Budget 2023 the Department of Enterprise, Trade and Employment’s Budget package is designed to help businesses with escalating energy costs and to plan for the future.
Overall funding allocated to the Department of Enterprise, Trade and Employment in Budget 2023 has increased by €36 million, to €940 million.