Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Supply definition

What does Supply mean? Supply describes the provision of goods, services or rights by one party to another for consideration. In UK VAT law it is a defined term: Value Added Tax Act 1994, s.5(2)(a) states that “supply includes all forms of supply”, and s.5 distinguishes between a supply of goods and a supply of services, with deeming rules (such as self-supplies). In Ireland, the Value-Added Tax Consolidation Act 2010 similarly defines supply of goods and supply of services on a broad basis. The concept is central to VAT, determining whether a transaction is taxable, the place and time of supply (tax point), and...

Precedent s54 Modern Slavery Act 2015 Transparency in Supply Chains Statement: structure, policies, due diligence, risk, KPIs, training, remediation and board approval

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Precedents

1 Opening statement from senior management

1.1 [ Name of organisation ] remains dedicated to preventing acts of modern slavery and human trafficking from arising within its operations and Supply chain, and requires the same exacting standards from its suppliers.
1.2 [ Insert name ] holds overall accountability for identifying, assessing and managing modern slavery risk, and for leading the response on behalf of [ insert name of organisation ]. They are supported and scrutinised by [ insert details of senior level oversight mechanism ].
1.3 [ Insert senior leader’s high-level statement affirming the organisation’s commitment to ensuring there is no slavery or trafficking within the organisation and its supply chain, and outlining the effectiveness of actions taken and/or further steps to be undertaken. ]

2 Structure of the organisation, our business and supply chains

2.1 [ Name of organisation ] is a [ insert description, eg global firm ] in the [ insert description of Sector ] sector. Our principal [ products OR services ] comprise [ insert details ].

...

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Web page updated on 22/05/2026

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