Updates to the Job Retention Scheme and Job Retention Bonus

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The Government has published new guidance for the Job Retention Bonus and updated its guidance for the end of the Job Retention Scheme. 

Job Retention Bonus

The £1,000 job retention bonus will be available to employers who retain a previously furloughed employee in their employment until 31 January 2021. Other eligibility criteria will also apply. 

Businesses will be able to claim the bonus from 15 February to the end of March 2021. 

Treasury Direction – https://www.gov.uk/government/publications/treasury-direction-made-under-sections-71-and-76-of-the-coronavirus-act-2020

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

Examples – https://www.gov.uk/government/publications/find-an-example-of-employees-and-the-minimum-income-threshold-for-the-job-retention-bonus

Job Retention Scheme

Guidance has been updated to reflect that the scheme will be coming to an end on 30 October 2020. 

30 November 202 has now been confirmed as the final date for submitting claims for the period ending 30 October.  After this date you will not be able to submit or amend any claims. 

Treasury Direction – https://www.gov.uk/government/publications/treasury-direction-made-under-sections-71-and-76-of-the-coronavirus-act-2020

Guidance – https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme

 

Support

We will be including these updates along with an overview of the new Job Support Scheme on our next Payroll Forum taking place on Tuesday 6 October at 10am. 

If you would like to join in, please register at https://lnkd.in/gSZeikW

 

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