General Data Protection Regulation

The General Data Protection Regulation (GDPR) is deemed to be the biggest shake-up in data protection to date and will have an impact on all UK businesses.

It will raise the bar for security, privacy rights and compliance when it comes to keeping your clients' information safe and secure.

The GDPR is designed to "harmonise" data privacy laws across Europe, including the UK Data Protection Act (1998), while also providing individuals with greater protection and rights in the digital domain.

From a business perspective, it means more accountability of what you do with other people's data, especially in terms of how you use it, interact with it and store it.

It will also give clients new rights, with individuals receiving more control over all their personal data as well as extra security and controls to protect data.

When does it take effect?

The GDPR comes into force on 25 May 2018 and will apply to all organisations in the EU, including the UK and regardless of the Brexit vote.

Penalties

Sanctions of £20 million or 4% of your annual turnover, whichever is higher, are in place for non-compliance.

These potential punishments are at the discretion of the Information Commissioner's Office (ICO), the UK's independent authority set up to uphold information rights in the public interest.

However, the ICO states that fines under the GDPR will be necessary, proportionate, and only ever applied as a last resort.

This is something for businesses to be aware of, we do not offer advice on GDPR. 

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SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
  • Our Customer Promise. Respond to any question sent to your accountant or any dedicated department within 24 hours.  If we need more time, we will update you as soon as we can and we promise to keep you informed of the progress we are making in answering your question.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee starting from £120 plus VAT per month. Check our packages for more detail.

If you have any questions about contracting or would like any further advice please call our new business team on 01442 275789 or email: newbusiness@sjdaccountancy.com. Our new business team is open Monday to Thursday (8am to 8pm), Friday (8am to 7pm) and Saturday (10am to 4pm)

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.