Read CLC’s summary on Government issues new guidance on the Job Retention Bonus
Employers will be able to apply for the Job Retention Bonus (JRB) between 15 February 2021 and 31 March 2021.
This one-off taxable payment to employers offers £1,000 for each eligible employee that was furloughed and kept continuously employed until 31 January 2021.
Any employer can submit a claim, as long as they have furloughed employees and made an eligible claim for them through the Coronavirus Job Retention Scheme (CJRS).
The JRB can be used alongside the new Job Support Scheme, which launches on 1 November 2020, where an employee was previously furloughed.
Employers cannot claim the JRB for any employees where they have repaid all the CJRS grant amounts claimed for them – regardless of the reason why the grants were repaid.
Read the full summary HERE.
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