Mirandus Accountants is an expert accounting and chartered tax advisory practice based in London and Edinburgh. We specialise in meeting the needs of private clients and their businesses.
COVID-19
Coronavirus Job Retention Bonus Scheme
Rishi Sunak, the Chancellor, announced at the Summer Economic Update on 8th July that the Coronavirus Job Retention Scheme will close in October as previously planned and in it’s stead, the Coronavirus Job Retention Bonus Scheme (CJRBS).
The CJRBS has been announced to encourage employers to retain staff on their payroll, versus considering redundancy.
The CJRBS is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme for each furloughed employee who remains continuously employed until 31 January 2021.
ELIGIBILITY
Employees will need to:
Earn at least £520 per month (above the Lower Earnings Limit) on average for November, December and January
Have been furloughed at any point and legitimately claimed for under the Coronavirus Job Retention Scheme
Have been continuously employed up until at least 31 January 2021.
How and when to claim
Employers will be able to claim the bonus from February 2021 after January payroll has been submitted to HMRC after 31 January 2021.
Full guidance will be published in the Autumn.
Please have a look at the following pages to find exactly what you are looking for: