HMRC have updated their guidance on the Job Retention Bonus.
Employers will be able to claim a one off £1,000 taxable payment for each eligible employee that:
- you made an eligible claim for under the Coronavirus Job Retention Scheme
- you kept continuously employed from the end of the claim period of your last Coronavirus Job Retention Scheme claim for them, until 31 January 2021
- are not serving a contractual or statutory notice period for you on 31 January 2021 (this includes people serving notice of retirement)
- you paid enough an amount in each relevant tax month and enough to meet the Job Retention Bonus minimum income threshold
You are not able to make a claim until 15 February 2021 and further guidance is expected in January 2021 confirming the exact procedure.