Job Retention Bonus Guidance Published
Job Retention Bonus guidance published
HMRC has published guidance about the Job Retention Bonus scheme. Under the scheme, employers will receive a one-off payment of £1,000 for every furloughed employee who remains continuously employed until 31 January 2021. Eligible employees must earn at least an average of £520 a month between 1 November 2020 and 31 January 2021. Employers can claim the Job Retention Bonus once they have filed PAYE for January 2021. The bonus will be paid from February 2021.
Read the guidance at: https://www.gov.uk/government/publications/job-retention-bonus/job-retention-bonus