Treasury Direction made in relation to the JRB
07 October 2020
On 2 October 2020, Chancellor, Rishi Sunak, made a Treasury Direction under Sections 71 and 76 of the Coronavirus Act. This was in order to establish the legal framework for the Job Retention Bonus (JRB). The Direction confirms that HMRC will be responsible for the payment and management of amounts that are given to businesses under the JRB, much as it was for the Coronavirus Job Retention Scheme (CJRS).
The Direction confirms that the JRB’s purpose is to both enhance and consolidate the purpose of the CJRS. It also clarifies that any claims made under the CJRS can not be made after 30 November 2020, a fact which is clearly outlined within the various HMRC guidance pages on the topic.
The Direction provides information on qualifying employers and employees, and also confirms that the claim period will run from 15 February 2021 – 31 March 2021. This is the timeframe in which employers will be able to submit claims under the JRB. The Direction reiterates the fact that the payment is for a one-off amount of £1,000 per eligible employee.
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