Tax-compliant businesses who’ve already submitted claims through the claims portal (available via the eRepayments system on Revenue’s Online Service) will see payments arriving in their bank accounts before the weekend and Revenue will continue to process TBESS payments over the Christmas period.
To date over 1,800 businesses registered for the TBESS have had claims approved and will receive payments with a combined value of €4.8 million over the coming days.
A further 900 businesses have begun – but not fully completed – the claims process, according to Revenue.
Businesses are reminded that to receive a payment under the TBESS, all the required steps have to be completed. Revenue can only make a payment where all the claim information has been supplied, the required declaration that the qualifying conditions of the scheme are satisfied has been made and the claim submitted.
To assist businesses who’ve not yet registered for the TBESS via the e-Registration facility in ROS and the 6,000 businesses who have registered but who’re yet to submit claims, Revenue has published detailed guidance on its website. In addition, it has published an ‘Understanding your bill’ guide to assist with identifying required bill information and a recording of the live Webinar held by Revenue last week which addresses questions raised by businesses is available here.