Job Retention Bonus Details Announced

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:

• 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 of an amount in each relevant tax month and enough to meet the Job Retention Bonus minimum income threshold 

 
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:

• TUPE rules applied
• the PAYE business succession rules applied
• the employees were associated with the transfer of a business from the liquidator of a company in compulsory liquidation where TUPE would have applied if the company was not in compulsory liquidation

 
However, to be eligible for the bonus you must pay your employee a total of at least £1,560 (gross) throughout the tax months:

• 6 November to 5 December 2020
• 6 December 2020 to 5 January 2021
• 6 January to 5 February 2021

 
And you must do the following now to make sure you are ready to claim.

• still be enrolled for PAYE online
• comply with your PAYE obligations to file PAYE accurately and on time under Real Time Information (RTI) reporting for all employees between 6 April 2020 and 5 February 2021
• keep your payroll up to date and make sure you report the leaving date for any employees that stop working for you before the end of the pay period that they leave in
• use the irregular payment pattern indicator in Real Time Information (RTI) for any employees not being paid regularly
• comply with all requests from HMRC to provide any employee data for past Coronavirus Job Retention Scheme claims

 
https://www.gov.uk/guidance/check-if-you-can-claim-the-job-retention-bonus-from-15-february-2021
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