Feeds

LOL: Twitter faces fines for late UK financial filings

Blabber ziggurat #notagoodwayofgettinginfo

5 things you didn’t know about cloud backup

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?