Employers to reveal gender pay gap

Rob Kenwell, at North Wales based Pritchett & Co Limited is reminding companies that employ more than 250 people that they will soon have to reveal differences between average pay for male and female workers under a change to a law passing through Parliament.

Large firms that do not comply with the new rules could face fines of up to £5,000. At present, five firms have published gender pay figures under the current, voluntary approach.

The issue will be debated in the House of Lords, with the government tabling an amendment to the Small Business Bill. The bill is likely to come into force within the next 12 months.

“This is great news and a step towards the equality we’ve all been seeking,” said Rob Kenwell. “It’s disappointing that a gender pay gap still exists and so I’m hoping that soon, it won’t just be large firms that have to declare the salaries of male and female staff, but all firms.”

For further details please contact us at info@pritchettandco.co.uk or call us on 01492 534250.

The author is a director at Pritchett & Co Limited, Chartered Accountants and Chartered Tax Advisers, members of UK200Group with offices throughout the UK and Associates overseas.