What is backdating
What is backdating - matrixdating net
This section of the website provides information about when claims can be backdated as well as links to HMRC guidance about the backdating process.The information below was written by the Low Incomes Tax Reform Group.
Courts have certainly been willing to hold that a contract exists before a written contract has been finalized. But I’d still use as the date for a written contract the date it was signed.
You get really excited about how great your website is going to look. Somewhere along the way, you realize there is no contract. One week turns into two weeks, two weeks into a month or two months.
You remember that your lawyer once told you that without a contract you do not legally own your website. Finally you prepare the contract and your designer agrees to sign it. Should it be dated when the contract is signed or back when you first started working together? The reason contract dates are important is because that is when your legal rights begin.
Standard backdating An initial claim can be backdated if the circumstances entitling the person to tax credits have subsisted for the period of the backdating.
But a claim may generally only be backdated by a maximum of 31 days.
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For example, if the contract is dated today, who owns that portion of the website code that was developed prior to signing the agreement? So, you paid the designer in full but you don’t own the website?
Yes, that’s the problem and that’s when backdating comes in.
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Perhaps, you don’t know exactly what kind of website you need or how much it will cost.