Another full review of the reference costs in the TAMS scheme has recently been carried out by my Department. Reference costs have been increased with increases ranging from 5-15% across the investment items listed under TAMS. These changes have been implemented from the opening of Tranche 26 on 9th April 2022, this is in addition to increases of 5-20% on costings already introduced in July 2021. This is the third increase to be implemented in costs in the last 3 years.
Tranche 26 of TAMS closes on 1 July 2022. It is open to individual applicants to withdraw an application under the scheme prior to its approval and submit a revised application, should they decide that they wish to avail of the increased reference costs from Tranche 26 onwards.