have stated that the introduction of the scheme has had no impact on their imminent employment plans, collecting 26% of responses. Conversely, 10% of those answering the Quick Poll declared that their company will be accessing the scheme, and that this has directly reduced the number of imminent redundancies that will be made. 5% of answers highlighted the fact that the announcement relating to the scheme came after the collective consultation deadline for businesses having to make over 100 redundancies. The Winter Economy Plan, which unveiled the new support scheme was delivered on 24 September, but the deadline for consultations would have been in mid- September. Additionally, 3% of those who responded to the poll admitted that they had not heard of the Job Support Scheme at all. It will be interesting to see, once the CJRS closes, how many businesses do make use of the JSS, and also how many companies that are required to shut down make claims under the extended JSS. At the time of writing, we await further guidance on both the JSS and its extension, but as soon as anything is published, we will notify via News Online and social media.
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Job Retention Bonus factsheet 21 October 2020
Now that further detailed guidance has been issued relating to the Job Retention Bonus (JRB), the CIPP’s Policy and research team has produced its latest factsheet, which covers the scheme that is being implemented in order to encourage employers to take employees off furlough and return them to work.
The factsheet has been designed so that busy payroll professionals can review information on the bonus in one consolidated document, and will have the opportunity to print the sheet off to refer to as and when they require it.
The factsheet covers:
What the JRB is Employer eligibility Employee eligibility
• • • • • •
The minimum income threshold
The claims process
Additional considerations
The minimum income threshold is a requirement meaning that employees must be paid at least £1,560 across the three relevant tax periods of 6 November 2020 - 5 December 2020, 6 December 2020 – 6 January 2021 and 6 January 2021 – 5 February 2021. The factsheet details what this can be made up of, and confirms that there are no rules around the apportionment of pay, as long as the minimum of £1,560 is paid, and that payment of some description is made in each of the tax periods.
Locate the factsheet in its entirety here.
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Further support for businesses and workers announced by Rishi Sunak 23 October 2020
Chancellor of the Exchequer, Rishi Sunak, unveiled a series of additional measures designed to help both businesses and workers through the prolonged period of turbulence posed by coronavirus, as additional lockdown measures are implemented.
Speaking in Parliament, he said:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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