In a bid to eradicate exploitation of individuals from the UK business supply chain, the Government introduced into UK law, the Modern Slavery Act 2015. The Act requires businesses with a total turnover of £36 million upward to produce a slavery and human trafficking statement, (“modern day slavery statement”) each financial year. The statement must stipulate what measures have been taken by the business to ensure that modern slavery is not taking place in either their business or supply chain. The Government has prepared a 46 page guidance booklet to assist businesses prepare the statement.
It is not a legal requirement for businesses with a turnover below the threshold of £36 million to produce a modern day slavery statement. However, if small businesses are providing services or goods to larger businesses, it is an inevitable consequence that the small business is likely to be asked by the larger business to provide a statement. This is because large businesses need to evidence that their supply chain is transparent, ethical and free from slavery and human trafficking.
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Modern slavery is a heinous crime and tackling it is a top priority for this Government and for me personally as Home Secretary. Rt Hon Amber Rudd MP