This Act provides for the establishment of two schemes – the Electricity Costs Emergency Benefit Scheme III and the Submeter Support Scheme – to provide relief from high energy prices. The Act also provides for the amendment of the Taxes Consolidation Act 1997 by the insertion of s192JB, which provides that Electricity Costs Emergency Benefit payments and Submeter Support Scheme payments are exempt from income tax where they are made on or after 1 December 2023 and on or before 31 December 2024.
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