Modern Slavery Act 2015
What are the changes?
On 1 October 2015, the Modern Slavery Act 2015 came into force. The legislation applies to all corporate bodies and partnerships, wherever incorporated, that carry on business, or part of a business, in the UK.
The legislation has been introduced to tackle the issues of forced labour and human trafficking within many business supply-chains. The measures enforced by the legislation are thought to be a step in the right direction in ensuring that businesses are accountable for the actions within their supply chains.
What do the changes mean to you?
Under section 54 of the legislation, certain employers (businesses with an annual turnover of £36 million or more) are required to issue an annual ‘slavery and human trafficking’ statement that provides an outline to the business supply chains and procedure to illustrate that the business is not involved in any unethical working practises.
The legislative guidance that has been issued by the government states that statements issued by corporate bodies does not place an onerous burden on businesses to guarantee that their entire supply chain is slavery free. Businesses are required to be transparent as to the actions they take to ensure acts of slavery and human trafficking are not present in their supply chains.
The reporting requirements that certain employers must comply with is a minimum requirement. Businesses are also obliged to take measures above and beyond the statutory requirements to ensure that the reporting measures improve and evolve over time.
If your business falls under the requirements under section 54 of the Act and have a financial year end of 31 March 2015, then you must publish a statement for your 2015-2016 financial year.
Need some advice?
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A member of our Employment Team will be able to assist you with any issues you may have regarding any of the above changes. Should you have any queries, do not hesitate to contact us on 01604-258558.