Coronavirus Job Retention Bonus
The JRB will be a one-off payment of £1,000 to UK employers for every furloughed employee who they previously claimed for under the Coronavirus Job Retention Scheme (CJRS) and who remains continuously employed through to the end of January 2021.
- The aim of the bonus is to reward and incentivise employers who successfully bring furloughed staff back.
- Employees must earn above the Lower Earnings Limit (£520 per month) on average between 1 November 2020 and 31 January 2021.
- Payments will be made from February 2021.
Which employers can claim the JRB?
All employers are eligible for the scheme. However, where a claim under the CJRS for an employee was incorrectly made, the JRB will not be payable. HMRC will withhold payment of the JRB where it believes there is a risk that CJRS claims may have been fraudulently claimed or inflated, until the enquiry is completed.
Which employees can an employer claim the JRB for?
Employees that were eligible for the CJRS, were furloughed and had a CJRS claim submitted for them that meets all eligibility criteria for the scheme. The employee must have been continuously employed until at least 31 January 2021 and have been paid an average of at least £520 a month between 1 November 2020 and 31 January 2021. Importantly, the employee must not be serving a contractual or statutory notice period that started before 1 February 2021.
If you want further information about how these changes will impact you and your business then please get in touch