The requirement to create a modern slavery statement recently became law. This means that affected employers need to think now about creating a statement and publishing it on their website.

Only employers who meet the following criteria must produce a modern slavery statement for each financial year:

  • are a body corporate or a partnership;
  • carry on a business or part of a business in the UK;
  • supply goods or services; and
  • have an annual turnover of £36 million or more.

‘Turnover’ is to be calculated as including the turnover of any of an organisation’s subsidiaries, regardless of where those subsidiaries are based or carry on their business.

A parent organisation which meets all of the criteria above will have to include the steps taken in relation to its subsidiaries in its statement if, depending on the particular facts, the activities of the subsidiary in fact form part of the supply chain or business of the parent. This will be the case even if the subsidiary in question does not meet all the criteria above (for example, if its turnover is below £36m). If the subsidiary meets all of the criteria in its own right, then it is required to produce a statement in its own right.

Where an organisation’s financial year ended on or before 30th March 2016, no statement needs to be produced for the 2015/2016 financial year. Dates for publishing a modern slavery statement based on financial year end are shown at the end of this article.

Peninsula Business Services can assist you in creating a statement.

 

 Required Publish Dates

Financial Year End Publish Date
29th/30th October 2015 No requirement to publish for 2014/2015 financial year; must publish for 2015/2016 financial year by end April 2017
During November 2015 No requirement to publish for 2014/2015 financial year; must publish for 2015/2016 financial year by end May 2017
During December 2015 No requirement to publish for 2014/2015 financial year; must publish for 2015/2016 financial year by end June 2017
During January 2016 No requirement to publish for 2015/2016 financial year; must publish for 2016/2017 financial year by end July 2017
During February 2016 No requirement to publish for 2015/2016 financial year; must publish for 2016/2017 financial year by end August 2017
During March 2016 (up to and including 30th): No requirement to publish for 2015/2016 financial year; must publish for 2016/2017 financial year by end September 2017
March 31st 2016 Must publish for 2015/2016 financial year by end September 2016
1st April 2016 onwards Must publish for previous financial year within 6 months of financial year end