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GDPR

  • Member
  • Practice Licence
  • 39 posts
  • # 119101

Dear All,

 

I have applied for practice licence as a sole trader and waiting for it. My question is how much I need to pay for registration with ICO for GDPR.

Do I need to register before I get licence or after ?

Any help would be appreciated.

 

Thank you very much.

Mehul Dave MICB

  • Companion Fellow PM.Dip
  • Practice Licence
  • 31 posts
  • # 119115

Hi there, 

We'd recommend you register with the ICO when you have your Practice Licence and are about to start trading.

There's some more information on our website here: https://www.bookkeepers.org.uk/resources/running-a-practice/regulation/gdpr 

The cost of your data protection fee depends on your size and turnover. There are three tiers of fee ranging from £40 and £2,900, but for most organisations it will be £40 or £60. The payment is always VAT:nil

Some organisations only pay £40 regardless of their size and turnover. These are:

  • Charities;
  • small occupational pension schemes.

You can use ICO's fee-assessment tool to find out how much you will need to pay.

Not sure if you need to pay a fee to the ICO?

Take quick self-assessment to find out.

Not sure if you need to appoint a data protection officer?

Take quick self-assessment to find out. 

  • Member
  • Practice Licence
  • 39 posts
  • # 119116

Thank you very much for your reply Ami.

 

Have a good day.

 

Kind regards,

Mehul Dave

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