Staying compliant doesn’t always have to be complicated. Here are a few simple checks that could help your organisation stay compliant:
1. Data protection
- ICO Registration: Most UK organisations should be registered with the Information Commissioner’s Office and pay an annual fee – check you are registered and that your information is up to date here.
- Data Protection Officer (DPO): Only appoint a DPO if required. Find out if your organisation needs one here.
2. Company formalities
- Required information: If your organisation is a limited company or an LLP, make sure your website and documents include all required information. Read more here.
- Companies House filings: Confirm that all necessary ID has been submitted to Companies House. Check the requirements here.
3. Employment law
- Upcoming changes: Labour are planning significant changes. Read our article to stay ahead and prepare.
4. Late payment interest
- Know your rights: You can charge interest on late payments from business customers, typically 8% plus the Bank of England base rate if an alternative amount is not specified in the contract.
- Protect your organisation: If you are the customer, ensure your contracts specify a lower interest rate for late payments to avoid high charges.
By taking proactive measures, you can protect your organisation, avoid penalties and build trust with customers and stakeholders. Regularly reviewing these key compliance areas ensures you’re not caught off guard by legal or regulatory changes or missed obligations. For tailored advice or support, get in touch here.
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Disclaimer
This information is intended for general informational purposes only and does not constitute legal advice. We recommend seeking professional advice before taking any action on the information provided. If you would like to discuss your specific circumstances, please feel free to contact us on 0800 2800 421.
