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Job retention bonus guidance

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HMRC has published new guidance for employers on the eligibility requirements for the job retention bonus (JRB) (HMRC expects full guidance to be available by 30 September 2020).

The bonus, announced by the chancellor as part of the summer 2020 economic update, will provide employers with a one-off payment of £1,000 for every furloughed employee continuously employed through to the end of January 2021. Employers will be able to claim the JRB after they have filed PAYE for January 2021 and payments will be made to employers from February 2021.

Eligibility requirements for the JRB include the following:

  • employees must earn at least £520 (the NIC lower earnings limit) a month on average between 1 November 2020 and 31 January 2021;
  • those who were furloughed and had a claim submitted for them after 10 June 2020 (when the CJRS closed to new entrants), because they were returning from parental leave or serving as a military reservist, will also be eligible;
  • employers will also be able to claim for employees transferred under the Transfer of Undertakings (Protection of Employment) Regulations, SI 2006/246, provided the employees meet the other eligibility criteria and the new employer has submitted a CJRS claim for the employees 
Issue: 1499
Categories: News