Job Retention Bonus Scheme

HMRC have released more information regarding the Job Retention Bonus Scheme, which was originally presented to Parliament on 8th July 2020.

Employers will be able to claim a one-off payment of £1,000 for every employee they have previously received a grant for under the Coronavirus Job Retention Scheme (CJRS), and who remains continuously employed through to the end of January 2021.

To be eligible, the employee must have received earnings in November, December and January, and must have been paid an average of at least £520 per month, and a total of at least £1,560 across the three months.

As the employer, you will be able to claim the bonus after you have filed PAYE information for January 2021, and the bonus will be paid from February 2021. More detailed guidance, including how you can claim the bonus online, should be available by the end of September

More detail can be found here: https://www.gov.uk/government/publications/job-retention-bonus/job-retention-bonus