HMRC outlines Job Retention Bonus criteria

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HMRC has outlined the eligibility requirements for the JRB (Job Retention Bonus) that follows the furlough scheme, part of the governments new measures to support the economy through COVID-19.

The governments Job Retention Scheme ends on 31st October 2020 and aims to provide additional support to employers who keep on their furloughed employees in meaningful employment.

The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the scheme, that remain employed through to January 31st, 2021. Those employers will be able to claim the payment after they have filed PAYE for January. The one-off payment will be made to all employers during February 2021.

All types of employers are eligible for the scheme, this includes umbrella companies and recruitment agencies. These companies should ensure that they have complied with their obligations to pay and file PAYE accurately, on time, maintained enrolment, and have a UK bank account.

These employers will be able to claim for employees who were on furlough and had a Job Retention Scheme claim submitted. The employees must have been paid an average of at least £520 a month between 1 November 2020 and 31 January 2021. The employee does not have to be paid £520 in each month but must have received some earnings in each of the three calendar months that have been paid and reported to HMRC via RTI.

They also must ensure that they have up-to-date RTI records for the period to the end of and not be serving a contractual or statutory notice period that started before February 1st 2021, in order for the employer to make a claim.

HMRC will publish more information about the process before October 2020.

Since 1992, D E Ball & Co Limited is an independent business advisory service based in Telford, Shropshire. With their advisors working with businesses in the agriculture, services, construction and retailer sectors, they have a broad span of knowledge to offer. To see find out more about D E Ball:



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