The Paper confirms the Bonus will be a one-off taxable payment of £1,000 in respect of every employee previously claimed for under the Coronavirus Job Retention Scheme (CJRS) who remains continuously employed until 31 January 2021. The payment will be made to the employer as an incentive for retaining staff, rather than as a payment to the individual.
Employers will be able to claim for staff who:
Where an employee has transferred via TUPE transfer before 31 October 2020, it may also be possible to claim the Bonus, on the condition the new employer had successfully made a CJRS claim for them following the transfer.
Employers will be able to claim the Bonus in February 2021 through a Government website, the details of which are yet to be provided. Details of the claims process will be published in guidance by the end of September 2020.