Specialist employment lawyer, David Dixey, highlights the Government announcement regarding the withdrawal of the Coronavirus Job Retention Bonus (JRB).
Following the Government’s announcement that the Coronavirus Job Retention Scheme (CJRS) would be extended until 31st March 2021 it has also now been announced that the Job Retention Bonus (JRB) will consequently not now be paid out to employers in February 2021 as was previously to be the case.
The Job Retention Bonus as originally announced was to be a £1,000 one off taxable payment to an employer for each eligible employee that the employer had furloughed and kept continuously employed until 31st January 2021. Under the original scheme the bonus could be claimed between 15th February 2021 and 31st March 2021. The money was not payable to the employee.
In light of the extension of the Coronavirus Job Retention Scheme, the JRB in its original form has been withdrawn, but, according to the Government, a further job retention incentive scheme will take its place at a later date.