Maven Business Financial Services

Data Risk Compliance

Although GDPR can be a huge headache for businesses, Data Risk Compliance can be used to reduce corporation tax and increase cash flow. Profit calculations have been inaccurate since the introduction of GDPR because specific issues surrounding the legislation and the calculation of profits were not then understood. Therefore, we can assist with reclaiming any overpaid corporation tax and, increase compliance within businesses where necessary.

Data Risk Compliance

What is Data Risk Compliance?

Data Risk Compliance is a process that’s based around Data Privacy Legislation and helps identify the potential liability and risks associated with data within a business. A level of provision can be produced for company accounts to represent the likely costs that could incur, if claims were to be made against the business. Not only is DRC a great way to financially protect businesses against GDPR claims and to account for the value of data, but it’s also a great way to reduce tax and increase cash flow to either, dedicate towards increasing compliance or, re-invest back into the business.

Benefits of DRC

  • No upfront costs
  • Reclaim up to 70% corporation tax, over 2 years
  • Identify the risks associated with your data 
  • Calculate the value of your data 
  • Calculated by an International Data Privacy Lawyer 
  • Account for potential GDPR claims 
  • Reclaim overpaid corporation tax 
  • Increased cash flow 
  • Reduce the current year’s tax bill 
  • Increase compliance and security, where necessary 
  • Minimise the risk of claims being made against your business 
  • Increase and retain the value of your business 
  • Insured up to £1M per business 

How does it work?

Utilising the DRC process requires minimum time and effort as our team of experts will handle all the technical aspects and we will ensure you are updated every step of the way. We do not require the business to sign a 64-8 and existing arrangements within the business will not be disturbed as we only focus on the data exposure aspect.

We perform a confidential data-focused questionnaire to assess data and GDPR compliance across the spectrum; the types of data, the amount of data, collecting it, using it, storing it, sharing it and, any safeguards currently in place. This allows us to identify the GDPR risks and the value of the data, specific to the business. Once the value has been calculated, a specific provision can be produced for the company accounts which, in turn, reduces corporation tax; furthermore, if the value can be reliably estimated by an expert, then it should be provided for in the accounts to give a true and fair view, as required by law. 

By identifying breaches of GDPR, this means that compensation claims now lie against the business for the individuals whose data is held. A small percentage of these potential claims can be offset against corporation tax in order to financially protect the business. We can assist with mitigating the current year’s tax bill and/or reclaiming any overpaid tax for previous years. The service is insured for up to £1M per client so even if HMRC reverse the decision, businesses are fully covered by our insurance policy. Contact us today to see if your business qualifies!

After submitting a rebate or mitigation claim, we can make recommendations to make improvements on any areas of non-compliance that have been identified. Although not mandatory, we offer an online compliance tool called Data Guardsman which is an online modular system that assists with improving compliance. Upon completion of all the modules, an insurance policy up to a level of £250,000 is granted.

Not only do we tell you what is wrong, how to fix things, and provide a solution, we also calculate the financial risk to your business that those GDPR failures have generated. DRC is the perfect solution to protect the value of businesses and/or increase compliance and security. If you want the best for your business, get in touch today!

Are you eligible?

Deciding whether you are eligible for the DRC process is easy. 

Your business qualifies if: 

  • You have paid £20,000 or more in Corporation Tax in the last 2 years 
  • You hold positive reserves in your most recent accounts. 
  • You are happy to work with our team of legal and accounting experts on a success fee basis, only – you pay nothing if you we are not successful.


Existing arrangements will not be disturbed and we do not require the business to sign a 64-8. It’s as simple as it sounds. All the technicalities are taken care of by our team of legal and financial experts, but we will keep you clearly informed every step of the way.

Interestingly, if you have made an R&D claim in the past 2 years, we can also use the same process to enhance these claims.

We are receiving a high volume of applications so, to avoid delay, please enquire today! 

Vehicle Dealership Case Study

Maven approached the business following some research and explained they were eligible for the Data Risk Compliance process.

The company position as of March 2021 year-end:  

  • 6 employees  
  • Profits – £273,401  
  • Profit & Loss Reserves – £341,721  
  • Tax paid – £51,946.19  


Initially, we sent the business a letter of authority to sign and say they were happy to work with our team of Legal and Accountancy experts and, happy to work on a success fee basis. We then completed a compliance questionnaire with the IT director, which took around 45 minutes to complete, and provided the answers to our legal team to assess; we did not require them to sign a 64-8.

We requested the relevant documentation and, after 12 days, provided the client with a GDPR report and calculations for a recommended provision and tax rebate. The total potential data liability identified in the report was £34.2M; this was based on claims at the lowest likely award figure. The maximum suggested figure to consider for their accounts was £4.7M, which is less than 15% of the total potential. Our accounts team then reviewed their company accounts and produced a provision at an appropriate level for the business. After liaising with their accountant, the client came back to say they were happy with the calculations and ready for the rebate to be submitted.  

The business was able to build a provision of £273,401 into the company accounts and received a rebate of £36,362.33, after all fees were deducted. This means that the business provided for less than 0.8% of the total potential liability and less than 6% of the suggested amount to consider, as identified in the GDPR legal report.  

We also reviewed their draft accounts for the 2022 year-end and were able to increase the level of provision by £318,700 and this allowed the business to save a further £42,387.10; after fees were paid and before the tax was due. This meant for 2021 and 2022 combined, the provision now sits at a level of £592,101; this is still less than 1.75% of the total potential liability and less than 13% of the suggested amount to consider. 

We arranged a date with the client to reach out in 12 months to complete another assessment and make any necessary adjustments according to their increase in compliance and increase of data. They also chose to sign up for Data Guardsman to help increase their compliance.

Enquire Now

No upfront costs. 

We only deduct our fee from successful claims. 

If a customer overpaid you, you would refund them straight away, wouldn’t you? 

To receive more information and calculations specific to your business, please fill the form out below. 

Website Accounting Integration

Website Accounting Integration seamlessly connects your website with your accounting software, streamlining your financial processes and enhancing efficiency. We integrate your website’s sales, invoices, and transactions with your accounting system, ensuring real-time and accurate data synchronisation. This integration eliminates the need for manual data entry and reduces the risk of errors, saving you valuable time and resources. With our service, you can easily track and manage your online sales, monitor inventory, and automate financial reporting.

Revenue Stream Analysis

We offer a comprehensive evaluation of your business’s revenue streams to identify opportunities for growth and optimisation. Our skilled team analyses your various revenue sources, pricing strategies, customer segments, and market trends to provide valuable insights and recommendations. Through a detailed assessment, we help you understand the profitability and performance of each revenue stream, identify areas of strength, and pinpoint potential bottlenecks. With this information, we work collaboratively with you to develop strategies to enhance revenue growth, improve margins, and diversify your revenue streams.

Tax & VAT Inquiry Support

We provide expert assistance and representation in the event of a tax or VAT inquiry. Facing an inquiry can be daunting, but our dedicated team is here to support you every step of the way. We work diligently to understand the nature of the inquiry and gather the necessary information to formulate a robust defence strategy. Our experienced professionals handle all communication and negotiations with tax authorities on your behalf, ensuring your rights are protected and your interests are represented.


We help you to take control of your financial planning and optimise your cash flow. We work closely with you to develop comprehensive budgets that align with your business goals and objectives. Through meticulous analysis of your financial data, we identify opportunities for cost savings, revenue growth, and improved cash flow management. Our team helps you establish realistic financial targets, monitor actual performance against budgeted figures, and make necessary adjustments along the way.

Unlimited Support

Our unlimited support is designed to provide exceptional and personalised assistance to our clients with higher accounting needs. As part of this service, we offer unlimited support from our team of experienced professionals to ensure that all your accounting requirements are met promptly and efficiently. You gain access to a dedicated point of contact who will be your go-to resource for all accounting-related inquiries and assistance. Our team is committed to understanding your unique business or individual accounting needs and providing timely solutions tailored to your specific circumstances. 

Free Financial Advice

Our team of experienced financial advisors will conduct a comprehensive analysis of your financial situation, taking into account your goals, income, expenses, assets, and liabilities. Through this review, we aim to provide a holistic view of your financial landscape and help you make well-informed decisions. We conduct an annual review to discuss various aspects of your finances, including budgeting, savings, investments, debt management, tax planning, retirement planning, and risk management. Our advisors will assess your current financial plans and recommend adjustments or new strategies to align with your objectives and maximise your financial potential. 

Tax Planning

We offer strategic guidance to help minimise your tax liabilities and maximise your tax savings. We work closely with you to develop customised tax strategies tailored to your unique circumstances and goals. Our experienced team analyses your financial situation, identifies tax planning opportunities, and advises on the most effective methods to legally reduce your tax burden. We stay updated with ever-changing tax laws and regulations, ensuring compliance while optimising your tax position. 

Quarterly Review

Our Quarterly Review offers a comprehensive assessment of your business’s performance and financial health every quarter. Our experienced team conducts a thorough analysis of key financial metrics, market trends, and operational factors to provide you with actionable insights and recommendations. Through in-depth reviews of your financial statements, cash flow, and performance indicators, we identify strengths, weaknesses, and opportunities for improvement. Our goal is to help you make informed strategic decisions and optimize your business’s performance. 

Monthly Reporting

Our Monthly Reporting provides you with valuable insights into your business’s performance on a monthly basis. We compile and analyse financial data, key metrics, and operational indicators to deliver comprehensive reports tailored to your needs. These reports offer a clear snapshot of your business’s financial health, highlighting trends, patterns, and areas for improvement. Our dedicated team ensures accuracy and timeliness in delivering these reports, giving you a clear understanding of your business’s financial health and progress.


Our payroll service offers seamless and efficient management of your company’s payroll processes. We handle the entire payroll cycle, from calculating wages and salaries to processing payments and generating payslips. Our dedicated team ensures accurate and timely payroll processing, taking into account tax withholdings, benefits, and deductions. We stay up-to-date with payroll regulations and compliance requirements, ensuring your employees are paid correctly and on time. 

VAT Returns

We take the hassle out of managing your VAT obligations. We handle the preparation and submission of your VAT returns with precision and compliance. Our dedicated team ensures accurate calculation of your VAT liabilities, taking into account input tax credits, exemptions, and deductions. We compile the necessary financial data, reconcile transactions, and complete the required VAT return forms on your behalf. 

Preparation & Calculation of VAT

We assist in managing the preparation & calculation of your VAT obligations. Our dedicated team handles the meticulous process of preparing and calculating the VAT for your business. We gather the necessary financial data, analyse transactions, and accurately calculate VAT liabilities. With our service, you can ensure that your VAT records are maintained with precision and compliance.  


Our Bookkeeping service provides comprehensive financial record-keeping for your business. We handle the day-to-day tasks of tracking income, expenses, and transactions, ensuring accurate and organised financial data. Our experienced team utilises industry-leading software to maintain updated ledgers, reconcile accounts, and generate financial reports. With our service, you can have a clear and real-time view of your financial health, enabling informed decision-making while you focus on the day-to-day operations. 

Confirmation Statements

We handle the preparation and submission of Confirmation Statements, ensuring compliance with legal obligations. Our dedicated team collects the necessary information, updates company details, and submits the statement to HMRC on your behalf. 


We provide expert assistance to individuals in fulfilling their tax obligations. We help you navigate the process of tax filing, ensuring accuracy and compliance with tax regulations. Our knowledgeable team gathers the necessary information, calculates your tax liability, and completes the required forms on your behalf. With our service, you can have peace of mind knowing that your Self-Assessment is handled efficiently and accurately. 

Preparation & Filing of Accounts

We will assist with accurately completing and submitting financial reports. Our experienced team handles the meticulous process of gathering and analysing financial data to ensure compliance with regulations. We prepare the necessary accounts, such as income statements, balance sheets, and cash flow statements, and file them on your behalf. 

Cloud Accounting

Access your accounts anytime, anywhere, and enjoy effortless income, expenses, and invoicing tracking. A secure and automated platform eliminates manual data entry, reduces errors and improves efficiency. We will assist with integrating any software currently used within your business to ensure a swift handover. Focus on growing your business while we handle the technical aspects of accounting. 

Company Tax Return (CT600)

We handle the preparation and submission of your company’s tax return, ensuring compliance with tax regulations and maximising your tax efficiency. Our experienced professionals will gather the necessary financial information, calculate your tax liability, and complete the required forms accurately and on time.