On 8 July 2020 Rishi Sunak announced the new Job Retention Bonus (JRB), which will pay employers £1,000 for every formerly furloughed employee if they are still employed at the end of January 2021.
As of 2 October 2020 further details of the JRB have been released, which confirm those previously announced.
Employers will be able to claim for the bonus for employees who:
The minimum income threshold for the JRB is at least £1,560 (gross) in total throughout the tax months:
Eligible employees must be paid at least once (of any amount) in each of the relevant tax months.
The minimum income threshold criteria apply regardless of:
The guidance also confirms that if an employee was on statutory parental leave or mobilised as a military reservist, returned after 10 June 2020 and was claimed for under the CJRS, then the employer will be able to claim the Job Retention Bonus in respect of that employee provided the other eligibility criteria are met.
In the case of employees on fixed term contracts, as long as they meet the above criteria, the bonus will apply as long as continuous employment is maintained and the above criteria is met.
As with the CJRS claim criteria, employees who have been transferred under TUPE or due to a change in ownership may also be eligible for the JRB.
comply with all requests from HMRC to provide any employee data for past CJRS claims Employers who have repaid all of the grant amounts claimed through the CJRS will not be eligible to claim the JRB, regardless of the reason they repaid the grant amounts.
Employers will be able to claim the JRB from 15 February 2021. This will be done online like the CJRS, and agents who were able to submit CJRS claims on an employer’s behalf will also be able to submit JRB claims on their behalf too.
More information is expected by the end of January 2021.
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