Apr 7 • General discussion
GDPR Registering
Ready for a 29.8% cost increase? After detailed analysis, the government has decided to:
Introduce legislation to increase the data protection fees across all tiers by 29.8%, as set out below in the table;
Retain the existing three-tier structure, including the applicable criteria for determining fees payable;
retain the £5 discount applicable to Direct Debit payments across all tiers; and retain the current exemptions from the requirement to pay a fee.
Table 1: Data protection fee
increases
Tier Current fees New fees1 £40 £522 £60 £783 £2,900 £3,763
Tier 1 (micro organisations – maximum turnover of £632,000 or no more than 10 members of staff): £40
Tier 2 (small and medium organisations – maximum turnover of £36 million or no more than 250 members of staff): £60
Tier 3 (large organisations which do not meet criteria for tier 1 or 2): £2900
It’s a bit like the TV licence – tax paid for fear of being caught out. I wonder exactly how many organisations were ACTUALLY prosecuted in any way for failing to have a licence?
However I suggest that for a tax deductible £40 the risk is not worth it!!
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GDPR Registering
skool.com/gblandlords
A place for landlords and property professionals to come together to learn and share best practices.
No selling or listings for sale please.
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