6 November 2020
On Wednesday 5 November the Chancellor announced that the Coronavirus Job Retention Scheme (CJRS) was extended to 31 March 2021.
The Coronavirus Job Retention Bonus (CJRB) was intended to reward, incentivise and provide additional support to employers who keep on their furloughed employees, after the Coronavirus Job Retention Scheme (CJRS) ended as planned on 31 October 2020, until the end of January 2021.
The CJRB provided that from 15 February 2021 until 31 March 2021 employers would be able to apply for a one-off taxable payment of £1,000 for every eligible employee for whom they had made an eligible claim under the CJRS – provided the eligibility criteria of the job retention bonus were also met.
On 5 November 2020 the Chancellor announced that, as the CJRSE was to be extended to the end of March 2021, the policy intent of the CJRB was removed. Therefore, the CJRB will not be paid “in February”. The government says it will redeploy a retention incentive at the appropriate time.
In these circumstances we have removed our detailed article on the Coronavirus Job Retention Bonus.