HMRC has recently released further guidance for employers about the job retention bonus scheme together with a new Treasury Direction (the law governing the scheme). These new publications do not provide a great deal more information than that released earlier in the summer but any employers considering applying for the bonus should check the criteria to ensure they will be eligible to apply when the scheme opens in February 2021.
The job retention bonus (JRB) is a 1 000 one-off payment that will be paid to employers by the government for every employee they furloughed under the coronavirus job retention scheme (CJRS) and kept continuously employed until 31 January 2021. The bonus is for the employer. It does not have to be paid to employees (unlike the furlough grant). It will be taxable as...
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
