mshb job retention blog

Earlier this year, the Chancellor announced that employers would be able to claim a ‘Job Retention Bonus’ of £1,000 for furloughed employees who remained in employment in January 2021. The government has now published further guidance on who is eligible for this scheme.

Employers will be able to claim £1,000 in respect of each eligible employee, provided they have a UK PAYE and all payments are up to date. The payment is a bonus for the employer and does not need to be passed on to the employee. A claim can be made in respect of an employee where:

HMRC will check eligibility based on payments submitted through PAYE to ensure employees have met the threshold. The employer can make a claim for the bonus in a 6 week window between 15 February and 31st March 2021, although it has not yet been confirmed how the claim is to be made. It is anticipated this will be online and further guidance will be provided closer to the time.

Some other important points of note from the guidance are:

Government guidance can be found online. Further guidance on how to claim is expected in due course.