Job Retention Bonus

1 min read

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.