How to claim the government's £1,000 Job Retention Bonus

The Job Retention Bonus scheme opens for claims from 15 February 2021 and employers have until 31 March 2021 to submit their claims.
 
The bonus is £1,000 paid to the employer for each eligible employee that was furloughed and kept continuously employed until 31 January 2021.
 
Employee eligibility criteria:
 
  • Must have been eligible to make a claim under the coronavirus job retention scheme (CJRS).
  • Must be continuously employed from the end of the claim period of your last CJRS claim for them, until 31 January 2021.
  • The employee must be paid a minimum of £1,560 gross total during the 3 tax months from 6 November 2020 to 5 February 2021 and must receive payment in each tax month.  The amounts in each tax month can vary so long as in total over the 3 tax months they amount to £1,560.
  • The employee is not serving contractual or statutory notice period on 31 January 2021 (includes notice of retirement).
  • TUPE employees (before 31 October 2020) are eligible so long as the new employer has made a claim under CJRS for them.
  • Office holders are eligible for the bonus so long as a claim under CJRS was made.
 
Employer eligibility criteria:
 
  • The employer must file their RTI submissions to HMRC on time.
  • The employer must have made a claim for the CJRS grant for the employee.
  • The employer can not claim the bonus for any employees where they repaid all of the grant, for any reason.
 
The bonus is a one off taxable payment to the employer, so will be included as income when calculating taxable profits for corporation and income tax.
 
Employers can make a claim for the bonus if they use the job support scheme from 1 November 2020.
 
Find out more
https://www.gov.uk/guidance/check-if-you-can-claim-the-job-retention-bonus-from-15-february-2021
 
For further advice,  please contact your local Moore Adviser.
 

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