Under The Modern Slavery Act 2015, large commercial companies with an annual turnover of around £36m, are required to publish a modern slavery statement for each financial year ending on or after 31 March 2016.
There are only a few days left for companies to publish their first statement, as the first statement must be published by the end of September.
Although going forward, there is no timeline for companies to publish their statement, the Government expects them to be published ‘as soon as reasonably practicable after the end of each financial year’ and they encourage companies to publish within six months of the end of the financial year.
For guidance on what should be in a statement, or if you have any questions, contact us on 01909 512 120 or email info@loftusstowe.com