Third Treasury Direction
Third Treasury Direction (26 June 2020)
Following the extension to the Scheme to 31 October 2020 and the updated Guidance on 12 June 2020, the Chancellor signed a further (Third) Treasury Direction reflecting the extension to the Scheme to 31 October 2020. This much-expanded Direction was published on 26 June 2020 and sets out technical detail of the Flexible Furlough Scheme available from 1 July 2020 to 31 October 2020.
It is important to remember that it is the Treasury Directions that provide the legal framework for the Scheme and will take legal precedence over the Guidance.
The Third Treasury Direction consists of 43 clauses (up from 16 clauses in Second Treasury Direction) and has 30 pages. The previous Directions will continue to have effect, except where modified by this Third Direction.
It is divided into two parts: the first part contains the rules relating to the Furlough Scheme up to 30 June 2020 (Paragraphs 3 – 6); the second part (Paragraphs 7 – 43) sets out the rules for the Flexible Furlough Scheme available until 31 October 2020.
We have complied the following documents that hopefully will aid readers in understanding the Third Direction:
- TREASURY DIRECTION CONTENTS: as the Direction lacks a contents section to help with referencing, we have set out the 43 paragraph headings;
- GLOSSARY OF SOME KEY TERMS: defined key words and terms to assist readers understand the content and meaning of the Direction.