I was absolute fuming when I got my letter from them demanding I pay them money. I knew I was closing my company down in the coming years and ignored them in the end. It's crazy this is allowed to be honest.
Is it public knowledge how much FAANG companies pay?
The highest tier of fee is £2,900 per year, but you're looking at the wrong regulator - major tech companies invariably use Ireland or Luxembourg as their European headquarters, so most or all of their data processing activities (and subsequent investigation or enforcement) would take place under that jurisdiction.
Doesn't the Ireland trick (mainly for tax evasion) only work for the EU market? I'd assume after Brexit the UK would require local presence?
The UK copied the GDPR wholesale, the EU accepted a reciprocal arrangement based on this, so Brexit hasn't materially changed the situation.
https://ico.org.uk/for-organisations/data-protection-and-the...