Enterprise and Regulatory Reform Act 2013
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Change 1
22 Indexation of amounts: timing and rounding
(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 ”.
22 Indexation of amounts: timing and rounding
(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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