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Don’t be scared, be prepared
KEY POINTS
- The General Data Protection Regulation replaces the Data Protection Act 1998 from 25 May 2018.
- The new rules place a higher emphasis on protecting the rights of every person.
- Data subjects will be able to retract consent at any time giving them the ‘right to be forgotten’.
- A data protection policy will be the first line of defence to any investigation.
- New penalties for non-compliant businesses of between 2% and 4% of global turnover.
From 25 May 2018 the Data Protection Act 1998 (DPA) will be replaced by the General Data Protection Regulation (GDPR). As indicated in ‘Ready for the GDPR?’ (Taxation 8 February 2018) the new regulation will involve some major changes to the way personal data must be collected and stored. Failure to follow...
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