Twitter’s UK unit financial accounts are overdue, registry says

London: Twitter Inc.’s UK unit failed to file its corporate accounts by a December deadline, the government’s public registry said on its website.

The company hasn’t filed its 2021 accounts that were due by December 31, according to Companies House. This is the first set of financial accounts required since billionaire Elon Musk bought Twitter in late October for $44 billion.

Under Musk’s leadership, thousands of employees have quit or been let go, including many in the company’s legal, compliance, and public policy ranks. 

After the wave of departures, regulators in the European Union expect the platform to be given a designation that will subject it to the bloc’s strictest rules for content moderation, Bloomberg reported on Monday, citing unidentified people familiar with the plans. 

Twitter UK Ltd was fined in 2012 for not filing for its corporate accounts, Sky News reported at the time, citing Companies House. The returns are used as a basis for filing taxes with the government, according to the report.