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Job Retention Scheme Bonus

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6th October, 2020

The Treasury has now released a direction clarifying changes to the Coronavirus Job Retention Scheme (CJRS).

This ends on 31 October 2020 and lays out how and when employers can claim the Job Retention Bonus (JRB) available to employers who have retained staff previously furloughed.  The government guidance on who can claim the JRB from 15 February 2021 can be found here.

Some key points to note are:

The deadline for employers to make claims for employees furloughed under the CJRS is 30 November 2020. No applications after this date will be accepted.

The JRB is only available to employers in respect of each employee who has:

  • been on furlough at some point; and
  • remains employed and not under notice on 31 January 2021.

In addition to the above, any employer wishing to apply for the JRB must satisfy the following conditions:

  • they must have a PAYE system registered with HMRC;
  • they must have made a CJRS claim in respect of each eligible employee; and
  • they have provided the required information to HMRC in respect of PAYE contributions

In addition, the employer must have paid the employee a minimum of £1,560 during the period from 5 November 2020 to 5 February 2021.

The amount paid to the employer for each eligible employee will be £1000.

There is only a 6 week window for the employer to claim the JRB which will be between 15 February 2021 and 31 March 2021.

The government has provided a list of examples of employees who would meet the criteria for the bonus which can be found at: https://www.gov.uk/government/publications/find-an-example-of-employees-and-the-minimum-income-threshold-for-the-job-retention-bonus/example-of-employer-deciding-which-employees-will-meet-the-minimum-income-threshold-for-the-job-retention-bonus

It is important to note that at this stage there is no information on how employers will be able to claim for the JRB, further guidance is expected in due course.

Debbie Coyne

Employment

Senior Associate
Email: [email protected]
Tel: 07714 331 961

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