CTR Limited

To develop the process and ensure the validity of the data risk provision, our directors have been in conversation with HMRC for over two years. 

HMRC have acknowledged that there may be certain circumstances when a provision for GDPR fines and or compensation may be made in the accounts if it complies with GAAP.

Our Digital Transformation Consulting services help CTR stay ahead of the curve in today's digital world. We work with you to develop a digital strategy that fits your business needs, optimize your digital presence, and leverage technology to drive growth.

We complete a 2 hour interview over Zoom, telephone or in person, to assess your current compliance with GDPR, the Data Protection Act 2018 and PECR regulations. We then provide you with a comprehensive report and remediation advice.

Using your report we will work with you to determine the level of provision suitable for your business. We require your company accounts to submit your data risk provision to HMRC.

This provision can then be used to fund your remediation where necessary. 

Unfortunately, not all businesses are eligible to put a provision in to their accounts for legal non-compliance.

Eligibility is determined on a case-by-case basis in order to comply with accounting principles (GAAP). 

It takes around 6-8 weeks for your provision to be approved by HMRC. You may be entitled to a rebate of past corporation tax paid, or a mitigation of future corporation tax due.

We charge our fees only when your provision has been approved..