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Is the trustee of a small charity on the hook for £18,000,000 in minimum fines?
by mulmen 2y ago
Is the trustee of a small charity on the hook for £18,000,000 in minimum fines?
- KaiserPro 2y agoTrustees for small charities can be personally liable for unlimited amounts. GDPR, Safeguarding, liability for the building you operate in, money laundering. there are lots of laws you are liable for.
- andrewaylett 2y agoThe maximum fines are 10% of "qualifying worldwide revenue", or £18M, whichever is larger. This is an exercise in stopping companies from claiming tiny revenues when they're actually much larger, rather than fining genuinely tiny companies (or individuals) a ridiculous multiple of their value (or wealth). Plenty of things in UK law attract "an unlimited fine", but even that doesn't lead to people actually being fined amounts greater than all the money that's ever existed.
- sunshowers 2y agoSounds like a legally risky environment. One of the biggest things we've understood about the world over the last century has been that commerce flourishes under an environment of legal certainty.