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What is this charge for?

I too have letter from the ICO threatening a fine if I do not sign up to sending them £40 or £60 per year. With 5.9 million SME's in the UK, this could create for them, even at the lower charge, a hoard of cash totalling £236 million - per year! That's one heck of a budget. What do they intend to do with it? It sounds like one very elaborate scam to me. Any other thoughts?

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Date of experience: Mar 01, 2020