The bonus – announced by Chancellor Rishi Sunak as part of his Plan for Jobs last month – will see businesses receive a one-off payment of £1,000 for every previously furloughed employee if they are still employed at the end of January next year.
The scheme is designed to continue to support jobs through the UK’s economic recovery from coronavirus by encouraging and helping employers to retain as many employees who’ve been on furlough as possible.
A policy statement published by the HMRC today gives employers further details on eligibility requirements and how they can claim the bonus. Under the terms:
As the scheme is designed to protect jobs, those who are serving notice for redundancy will not be eligible for the bonus.
Should you have any queries regarding the above, please do not hesitate to contact us on info@intelligentpayroll.co.uk
Intelligent Payroll Limited
204A Business First
Davyfield Rd, Blackburn
Lancashire, BB1 2QY
Registered in England
No. 10466186
VAT Registration Number
GB 255 5060 15
We use cookies and similar technologies to enable services and functionality on our site and to understand your interaction with our service. By clicking accept, you agree to our use of such technologies for marketing and analytics.