The UK Government has published the detailed guidance on the Job Retention Bonus. As announced previously, the Job Retention Bonus is a one-off £1,000 taxable payment for each eligible employee furloughed and kept continuously employed until 31 January 2021. The bonus itself can be claimed between 15 February 2021 and 31 March 2021.You can claim for employees that:
It is important to note that employers will still be able to claim the Bonus for employees receiving support through the recently announced Job Support Scheme which supersedes the CJRS. You may be eligible to claim the Job Retention Bonus for employees of a previous business which were transferred to you if:
However, to be eligible for the bonus you must pay your employee a total of at least £1,560 (gross) throughout the tax months:
And you must do the following now to make sure you are ready to claim.