The staggered roll-out has been designed to avoid placing an excessive financial burden on employers. It gives them time to plan and budget for the additional costs. As an employer, you must keep proper records for each employee. The records must be maintained for four years and include information in relation to each employee who availed of sick leave.
The following information must be included in the records:
An employer who fails to maintain accurate records may be convicted and subject to a fine of up to €2,500.
If your business is experiencing any of the following, contact Credit Review:
The process is independent, easy to complete and covers applications for new loans or restructured credit facilities from participating banks (AIB, Bank of Ireland, PTSB and Ulster Bank).
Visit www.creditreview.ie to see if you’re eligible.
Revenue has updated its detailed guidance on the TBESS including new guidance on registering and making claims. The guidance, available on the Revenue website and linked here, includes screenshots from the TBESS e-Registration portal and sample electricity and natural gas bills to assist businesses.
Eligible businesses can register for the TBESS, via the e-Registration facility in Revenue’s Online Service (ROS) which opened on Saturday 26th November.
Following registration, businesses will be able to submit claims under the scheme from 5 December. A claim portal in respect of TBESS will be available via the eRepayments system on ROS in early December.
To prepare for the claim stage, a business will need all the electricity and natural gas bills for the reference period of September 1, 2021 to February 28, 2022. A business will also require the current energy bill to make a claim.
Qualifying claims will be paid once the enabling legislation in Finance Bill 2022 has been signed into law. Eligible businesses that have successfully completed registration and made valid claims by the third week in December for September, October and November will be paid before the end of the year.