Have you paid your Data Protection Fee?
Source: Information Commissioner's Office | | 13/01/2021The Information Commissioner's Office (ICO) is the independent regulatory office in charge of upholding information rights in the interest of the public. Under the Data Protection Act 2018, all organisations that process personal information must register with the ICO.
By law, every organisation or sole trader who processes personal information needs to pay a data protection fee to the ICO, unless they benefit from a very limited exemption. There are currently more than half a million fee payers
The cost of the data protection fee depends on the size and turnover of the business / organisation. There are three tiers of fee ranging from £40 to £2,900, but for most businesses / organisations it will be either £40 or £60. Some organisations only pay £40 regardless of their size and turnover. These are charities and small occupational pension schemes.
Payment can be made by direct debit, credit or debit card, cheque or BACS. The ICO sends an email reminder six weeks before the annual fee expires.
Latest News
Spring Budget 2021 – Income Tax Rates & Allowances03/03/2021 - More...
It has been confirmed as part of the Budget announcements that the 2021-22 personal allowance will increase to £12,570 (2020-21: £12,500) and the basic rate limit to £37,700
Spring Budget 2021 – Corporation Tax
03/03/2021 - More...
The Chancellor confirmed that the Corporation Tax main rate will remain at 19% from 1 April 2021 for the next 2 years. The main rate had been expected to increase to help pay the
Newsletter
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!