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A new HMRC ruling concerning GDPR compliance applies to all businesses that have paid tax to the HMRC in the past two years. This can be corporation tax or tax that has been paid through self assessment by sole traders and partnerships Since May 2018, all UK businesses were required to be GDPR compliant if they obtain, stored and processed personal data. However according to the latest figures nearly 75% of UK businesses are still not GDPR compliant. We suspect that figure is higher. This has placed any company that is not GDPR compliant at risk of a regulatory fine or being sued by clients for not keeping their data safe. The risk companies now face. The regulatory fine for non GDPR compliance can be 4% of your total company earnings and if one or more of your clients sue your company for not keeping their data safe the payout could be enormous and would put you out of business! This is a fact! According to the companies act every UK business needs to have a contingency plan to mitigate risk. So every company that is not GDPR compliant needs to have a contingency fund put aside for the very real risk of regulatory fines or litigation due to non GDPR compliance. How does this entitle you to claim back your tax for the last two years? Due to a new ruling, the HMRC now allows companies to claim back the last two years of tax as a contingency against a breach of the GDPR regulations. *Once the funds have been returned it is up to each company how they use the returned funds but we strongly advise that you strengthen your cyber security. If you need more information about this please contact the Help Desk Freephone 0800 011 2031 or send an email to us at gdprtaxclaimback@thedpoa.com. For all DPOA members: We have been observing the legal development of these cases closely along with Citadel Claims and we endorse the work carried out by Citadels Claims Ltd. They have agreed to perform this tax claim back for members of the DPOA on a No Win - No Fee basis! For more information please visit their web site: www.citadelclaims.com
The GDPR Tax Reclaim