Cabinet Office Update
Job Retention Bonus
On 2nd October, HMRC published guidance on the Job Retention Bonus. Find out if you’re eligible to claim the Job Retention Bonus and what you need to do to claim it. You will be able to claim it between 15 February 2021 and 31 March 2021.
The Job Retention Bonus is a £1,000 one-off taxable payment to you (the employer), for each eligible employee that you furloughed and kept continuously employed until 31 January 2021.
You’ll be able to claim the bonus between 15 February 2021 and 31 March 2021. You do not have to pay this money to your employee.
Who Can Claim?
You can claim the bonus if you’re an employer who has furloughed employees and made an eligible claim for them through the Coronavirus Job Retention Scheme. Your employee must have been eligible for the Coronavirus Job Retention Scheme grant for you to be eligible for the bonus.
You can still claim the bonus if you make a claim for that employee through the Job Support Scheme. Guidance on the Job Support Scheme will be published soon.
Further information is available at: https://link.edgepilot.com/s/aa5294e9/IRvX9d3_PUCFI-rbG9C1Gg?u=https://bit.ly/3iEtzDO
Coronavirus Job Retention Scheme
HMRC also published updated guidance on 2 October on wages claims through the Coronavirus Job Retention Scheme. Claim for some of your employee’s wages if you have put them on furlough or flexible furlough because of coronavirus (COVID-19).
30th November 2020 is the last day you can submit claims for periods ending on or before 31 October 2020. After this date you will not be able to submit any further claims or add to existing claims.