HMRC has provided further guidance for the Job Retention Bonus including the eligibility criteria and when you can claim the bonus.
How Can You Claim The Bonus?
A one-off payment of £1,000 for every eligible employee furloughed or continuously employed until at least 31 January 2021 can be claimed by you or your clients.
It can be claimed for through the Coronavirus Job Retention Scheme (CJRS).
It is pertinent to mention that employers need not pay this money to their employees.
What Is The Eligibility Criteria For Employees To Claim The Bonus?
Employees must earn at least £1,560 between 6 November 2020 and 5 February 2021 to be eligible to claim the bonus.
They must also have received earnings in November, December, and January tax months.
It is also important that employees must not be serving a contractual or statutory notice period on 31 January 2021.
When Can The Bonus Be Claimed?
Bonus can be claimed from 15 February until 31 March once you or your clients have submitted PAYE information for the period up to 5 February 2021.
Further information regarding the claim will be shared by the end of January.
Can Employees Still Claim The Job Retention Bonus If They Make A Claim For The Same Employees Through The Job Support Scheme?
Yes. Employers can still claim the Job Retention Bonus if they make a claim through the Job Support Scheme.
However, they must meet the eligibility criteria for both.
To find out more information about the scheme, please search ‘Job Retention Bonus’ on GOV.UK
What Do You Or Your Clients Need To Do To Claim The Job Retention Bonus?
You or your clients need to do the following to claim the bonus:
- Provide any employee data for past CJRS claims requested by the HMRC
- Use the irregular payment pattern indicator in Real Time Information (RTI) for any employees not paid regularly
- Keep your PAYE submissions updated timely, with RTI reporting for all employees along with the leaving date for any employees that stop working for you in the month they leave or the next Full Payment Submissions
Need More Help?
Just fill in your details here if you need help in claiming back any allowable expense or wish to discuss some other matters.
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