Crypto exchange Gemini's UK subsidiaries have missed the deadline to file their 2021 accounts by over three months.

UK tax authorities require companies to file accounts with Companies House nine months after the end of a financial year. The deadline for the filing of Gemini's 2021 accounts was Sept. 30, 2022. Gemini did not respond to multiple requests for comment on the delay.

While failing to file a company's accounts on time is fairly common, it's considered a criminal offence under the Companies Act 2006. Companies that don't submit promptly receive a penalty, determined by the length of delay. For example, accounts that are between three and six months late are fined £750 ($900). The amount is doubled if accounts are filed late in two successive financial years. 

(by Kari McMahon)