Tánaiste wants professional companies to be included in the energy subsidy system

THE Tánaiste Leo Varadkar is trying to extend the new corporate energy subsidy program to professionals who were left out in the original version of the program.

r Varadkar has appealed to Finance Minister Paschal Donohoe to include doctors, dentists, lawyers, accountants and other professionals who run small businesses in the Temporary Business Energy Support Scheme (TBESS) to help them offset high energy bills this winter.

His calling came after Irish Independent resulted in the exclusion of professionals from the energy promotion system.

“So I raised that with the Finance Secretary today,” Mr Varadkar told reporters in Wexford.

“I can’t make any definitive commitments at the moment, but we’re looking at if there’s an opportunity to put them on a system or do something to help them with their energy bills because we recognize they fall into the corporate category precisely because they are tariff payers and employers.”

He added that freelancers “pay tariffs, they have employees and they pay taxes,” as do so-called trading companies, which fall under the new €1.25 billion scheme.

If Mr Varadkar’s proposal is accepted and the system is revised, thousands of new employers will be added to the TBESS, driving up costs but potentially saving jobs.

However, the Treasury Department said there has been no change to the position set out by Mr Donohoe in his budget speech last month.

Thousands of medical practices, dentists and optometrists – along with accountants, lawyers, engineers, architects and financial advisors – are excluded from TBESS, which promises to pay up to €10,000 a month to businesses hit by skyrocketing energy costs.

However, the system only covers so-called case 1 income – money a company earns through trading. Professional services are categorized by Revenue as Case 2 businesses, leaving them outside the remit.

The distinction means professional firms, many of which are major employers, could face a cold winter without government support.

https://www.independent.ie/business/irish/tanaiste-wants-professional-firms-added-to-energy-subsidy-scheme-42049243.html Tánaiste wants professional companies to be included in the energy subsidy system

Fry Electronics Team

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