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|11th December 2012, 07:31||#1|
Join Date: May 2010
Twitter falls foul of UK tax man
Twitter has become the latest company to fall foul of the tax man. According to reports, the company has been fined by UK authorities after failing to report its corporate accounts on time.
The mandatory details, which the HMRC uses as a basis for tax filings, were due in September, however as Twitter didn't divulge the information on time its been slapped with an enormous fine of £375 for both Twitter and its 2011 acquisition Tweetdeck.
A spokesperson for Cardiff-based Companies House, which deals with the problem, told Sky the the company was in default of the submission for accounts and hadn't given any indication of when they would be sent .
He warned that failure to provide accounts for the public record can "ultimately result in company strike off", however he pointed out that Twitter was some way from this.
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