Job Retention Bonus (JRB) Scheme – further details provided
The Government has now provided further details of the Job Retention Bonus, which can be claimed by eligible employers from February 2021. We have summarised the main points below and have created a guide outlining the scheme which can be downloaded by clicking the button below.
Although some details are still to be published later in the Autumn, the main aspects of the rules have been announced as follows:
- The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the scheme, and who remains continuously employed through to 31 January 2021.
- Eligible employees must earn at least £520 a month on average between the 1 November 2020 and 31 January 2021.
- Employers will be able to claim the Job Retention Bonus after they have filed PAYE for January and payments will be made to employers from February 2021.
The announcement also makes it clear that the Bonus is dependent on employers having already made correct Job Retention Scheme claims under the rules. Where a claim for an employee was incorrectly made, a Job Retention Bonus will not be payable.
It is therefore important for all employers who have already made claims under the JRS and who wish to claim the Bonus in February ensure that all of their claims are correct. Our recommendation is to audit all claims now and before the deadline set by the recent Finance Act.
Please contact Lee Muter at email@example.com or your usual UNW contact if you need help with your claims or need further information.
Employment Taxes Partner
T: 07810 852 362
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