Job Retention Bonus Criteria announced…

HMRC has outlined the eligibility requirements for the Job Retention Bonus (JRB) that follows the furlough scheme as part of the Government’s  Coronavirus support for the economy.

The Government’s Coronavirus Job Retention Scheme (or Furlough Scheme) ends on 31st October 2020 and the JRB aims to provide additional support to employers who keep on their previously furloughed employees.

The JRB 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 1st November 2020 and 31st January 2021.

Employers will be able to claim the JRB after they have filed PAYE for January and payments will be made to employers from February 2021.

All employers are eligible for the scheme including recruitment agencies and umbrella companies. They should ensure that they have complied with their obligations to pay and file PAYE accurately and on time under the Real Time Information (RTI) reporting system, maintained enrolment for PAYE online and have a UK bank account.

Employers will be able to claim for employees who were furloughed and had a Coronavirus Job Retention Scheme claim submitted for them that meets all relevant eligibility criteria for the scheme.

They must have up-to-date RTI records for the period to the end of January and not be serving a contractual or statutory notice period, that started before 1st February 2021, for the employer making a claim.

HMRC will publish further details about this process before the end of September 2020, which we will of course then publish here!

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