Enterprise and Regulatory Reform Act 2013 (c. 24)

PART 2 U.K. Employment

Miscellaneous U.K.

22 Indexation of amounts: timing and rounding E+W+S

(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 ”.