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Enterprise and Regulatory Reform Act 2013

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22Indexation of amounts: timing and roundingE+W+S

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(1)Section 34 of the Employment Relations Act 1999 (indexation of amounts, etc) is amended as follows.

(2)In subsection (2)—

(a)omit “as soon as practicable”;

(b)at the end insert “ , with effect from the following 6th April ”.

(3)In subsection (3), for the words after “the Secretary of State shall” substitute “ round the result to the nearest whole pound, taking 50p as nearest to the next whole pound above ”.

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