On Wednesday, 14 December Revenue hosted a live webinar on the Temporary Business Energy Support Scheme (TBESS). The webinar was recorded and is now available to view online, along with the slides provided to participants on the day. Revenue has published a number of resources which are available to taxpayers including the Guidelines on the operation of the TBESS, the Understanding Your Bill Guide, and Revenue’s TBESS Calculator.
At the Q&A section of the webinar, Revenue clarified several queries raised by participants, including the following:
- Revenue confirmed that all businesses making a claim, including charities and sporting bodies, must hold an active income tax or corporation tax registration. Revenue clarified that any trades not registered should now do so and noted this will not trigger a requirement to file a tax return.
- Revenue advised that the term “single undertaking” is set out in paragraph 5.5.1 of the TBESS Guidelines and the term has the same meaning as outlined in the de minimus aid legislation under EU State aid rules. Entities which are controlled on a legal or on a de facto basis by the same entity are considered a “single undertaking”.
- Where a business holds several MPRNs/GPRNs, Revenue advised that each MPRN/GPRN should be included in the registration process. The TBESS system will determine if there has been a 50 percent increase in the average unit prices.
- Revenue advised that a Temporary Business Energy Payment (TBEP) will be offset against outstanding tax amounts, however it will not be offset against liabilities in the Debt Warehousing Scheme or in a Phased Payment Arrangement.
DAC6 (EU Mandatory Disclosure) Guidance updated
Revenue recently updates its guidance on EU Mandatory Disclosure of Reportable Cross-Border Arrangements. Appendix III of the guidance has been amended to include a reference to countries which were on the EU list of non-cooperative jurisdictions for tax purposes during the lookback period only.