Costs
Businesses must complyMeeting a set of standards or legislation. with government legislation Laws made by the government., but this means that they incur a range of additional costs in terms of time and money. Some of these costs are incurred because of the time required to produce documents, follow procedures and make sure legal obligations are met.
Examples of these additional costs include:
| Act | Example of additional costs |
| Health and Safety at Work Act (1974) | Supply training and safety equipment |
| Consumer Protection Act (1987) | Test products to ensure that they meet minimum safety standards |
| Employment Rights Act (1996) | Provide a written statement of employment details within two months |
| National Minimum Wage Act (1998) | Pay staff higher wages |
| Working Time Regulations (1998, amended 2003) | Employ additional staff to cover hours required |
| Pensions Act (2008) | Make financial contributions to employee pensions |
| Equality Act (2010) | Put processes in place and then check that they are being implemented |
| Consumer Rights Act (2015) | Check that promotional material is accurate and implement quality control |
| Data Protection Act (2018) | Review the data that is held, and delete it when it is no longer required |
| Act | Health and Safety at Work Act (1974) |
|---|---|
| Example of additional costs | Supply training and safety equipment |
| Act | Consumer Protection Act (1987) |
|---|---|
| Example of additional costs | Test products to ensure that they meet minimum safety standards |
| Act | Employment Rights Act (1996) |
|---|---|
| Example of additional costs | Provide a written statement of employment details within two months |
| Act | National Minimum Wage Act (1998) |
|---|---|
| Example of additional costs | Pay staff higher wages |
| Act | Working Time Regulations (1998, amended 2003) |
|---|---|
| Example of additional costs | Employ additional staff to cover hours required |
| Act | Pensions Act (2008) |
|---|---|
| Example of additional costs | Make financial contributions to employee pensions |
| Act | Equality Act (2010) |
|---|---|
| Example of additional costs | Put processes in place and then check that they are being implemented |
| Act | Consumer Rights Act (2015) |
|---|---|
| Example of additional costs | Check that promotional material is accurate and implement quality control |
| Act | Data Protection Act (2018) |
|---|---|
| Example of additional costs | Review the data that is held, and delete it when it is no longer required |