How much is the ICO fee?

5 Critical Steps in Launching a Successful Initial Coin Offering…

New registration You will need: your credit/debit card or other payment details; details about the organisation(s) you are registering, eg Companies House number (if applicable), name, address; and. details about the number of staff you have and your turnover.

Every organisation or sole trader who processes personal information needs to pay a data protection fee to the Information Commissioner’s Office (ICO), unless they are exempt .

Do I need ICO registration? As part of the Data Protection Act, any entity that processes personal information will need to register with the ICO and pay a data protection fee unless they are exempt. This is the case for every type of company from sole traders and SMEs through to multinational corporations.

It’s £40 or £60 for most organisations, including charities and small and medium-sized businesses . The fee can be up to £2,900 for businesses who employ many people and have a high annual turnover. Calculate how much you need to pay before you register. If you do not pay the required fee you may be fined by the ICO.

Not-for-profit purposes. Personal, family or household affairs. Maintaining a public register. Judicial functions .

You need to renew your data protection fee each year, or tell the ICO if your registration is no longer required. If you fail to do so, the ICO can issue a monetary penalty of up to £4,000 on top of the fee you are required to pay .