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Job Retention Bonus: employers to receive £1,000 bonus

During his Summer Statement, the chancellor announced key initiatives to help the UK economy recover from the impact of the coronavirus pandemic. The introduction of the Job Retention Bonus was high up on the agenda. What is the Job Retention Bonus? The Job Retention Bonus is a one-off payment to employers for every furloughed employee retained from November 2020 (due to the furlough scheme ending October 2020) to the end of January 2021. The government will award a £1,000 bonus to the employer for each worker still employed by January…

Coronavirus Job Retention Scheme (CJRS)/Furlough changes explained

As you may be aware the Chancellor extended the furlough scheme, but on 29 May 2020 the Chancellor provided some clarity to how the furlough scheme would work after 31 July 2020. So, we’ve prepared this FAQ to help explain some of the changes. What are the key changes that will apply from July 2020? From 1 July 2020 furloughed employees will be allowed to undertake part-time work. This will affect the information an employer is required to submit when making a claim. Employers will need to provide certain information…

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