BLOG / New Treasury Direction on the Coronavirus Job Retention Scheme
HM Treasury has issued a further Direction on the operation of the Job Retention Scheme from 1 July 2020.
The guidance confirms the approach to new applications for furlough grants as set out in the Government’s guidance updated on 12 June. The Treasury guidance confirms that employers and employees will have to reach agreement on flexible furlough arrangements (which can operate from 1 July) and that the agreement must be made and confirmed in writing and copies retained by the employer until at least 30 June 2025.
The new Direction provides considerable guidance as to how employers should calculate the amounts that can be claimed under the Scheme for employees and workers who work part time on flexible furlough between July and October.