The Register® — Biting the hand that feeds IT

Feeds

LOL: Twitter faces fines for late UK financial filings

Blabber ziggurat #notagoodwayofgettinginfo

Cloud based data management

Twitter UK Ltd faces an embarrassing fine of £375 after failing to file its latest company accounts on time. Twitter-owned British subsidiary Tweetdeck is also late on turning in its financials and also faces a penalty.

Companies House, which maintains the official register of businesses in the UK, expects annual summaries of company accounts so it can make that information accessible to the public.

Except the public won't be able to see Twitter UK's financial results for the second half of 2011 because it hasn't filed them - and is weeks late in doing so.

Twitter UK's accounts for the six months from its incorporation on 1 June 2011 to 31 December 2011 was due to be filed to Companies House on 30 September this year, but ten weeks later the paperwork has not been handed in.

The failure could earn the company a slap on the wrist and a fine of £375 - the standard penalty for filing between one month and three months after the due date. The fine increases over time.

Tweetdeck, the British Twitter client bought out by Twitter, is also overdue on turning in its financials, which should have been filed on 30 September. As a small company, Tweetdeck only has to file abbreviated accounting details.

We asked Twitter what caused the slip-up. It has not replied.

The delay in filing paperwork comes amid a heavy focus on tax payments by British subsidiaries of American tech companies such as Google and Amazon. Twitter has raised hundreds of millions of dollars in funding whereas it costs nothing to file a copy of the UK subsidiary's accounts to Companies House. ®

Steps to Take Before Choosing a Business Continuity Partner

Abbreviated Accounts

They’re probably trying to work out a way to fit the accounts into 140 characters...

8
0

"We asked Twitter what caused the slip-up. It has not replied."

It probably did, you just can't find the reply amidst the mountain of irrelevant bullshit.

5
0

Re: Hmm

The past participle of 'tweet' is of course 'twat', as any fule kno.

3
0

More from The Register

 breaking news
UK telcos chuck another £1m at online child abuse watchdog
Web enforcers IWF gain power to seek and destroy illegal content
 breaking news
Pttow! Ofcom kicks hams out of MoD bands
Geet off my land, you, you ... 'secondary user'
 breaking news
Now you can use your phone instead of your wallet at the ATM, too
Blimey, these little paper towels out of the vending machine are really expensive
 breaking news
UK.gov's £530m bumpkin broadband rollout: 'Train crash waiting to happen'
Whitehall whispers of damning watchdog report next month
Google launches broadband balloons, radio astronomy frets
A careless Loon could blind the square kilometre array
 breaking news
MySpace zaps millions of teens' tearful rants, causes wave of angst
'Your crappy redesign SUCKS, I wanna read my blogs' screech users
 breaking news
Microsoft Office 365 on iPhone NOW: No, we're not making this up
Word, Excel, Powerpoint for your pocket-stroker
Increased cell phone coverage tied to uptick in African violence
'Significantly and substantially increases the probability of violent conflict'
 breaking news