Latest updates to Job Retention Bonus

On 2 October 2020 HMRC issued further guidance on the Job Retention Bonus. The key points to note are:

  • JRB is available to employers for each employee who has been on furlough at some point, remains employed and not under notice on 31 January 2021
  • HMRC will make a payment of £1k to the employer for each eligible employee
  • The payment does not need to be passed on to the employee
  • To receive the bonus, the employer must have paid a salary of at least £1560.00 to the employee between 6 November 2020 and 5 February 2021
  • A claim for the bonus needs to be made between 15 February and 31 March 2021

The guidance is expected to be updated with details on how to access the online claim service on GOV.UK by the end of January 2021.

Useful HMRC links can be found here

https://www.gov.uk/guidance/check-if-you-can-claim-the-job-retention-bonus-from-15-february-2021

https://www.gov.uk/government/publications/find-an-example-of-employees-and-the-minimum-income-threshold-for-the-job-retention-bonus

If you have any questions or queries please contact us at support@garbutt-elliott.co.uk