Backdating letter


27-Nov-2019 15:00

Backdating is usually illegal; for example, one may use backdating to evade taxes.However, it can be permissible under certain circumstances.For instance, one may backdate an insurance claim if there was an unavoidable delay between the date the insured event occurred and the day the claim was made.The practice of allowing a mutual fund shareholder to use previous purchases of the fund's shares so as to qualify for reduced commission charges on subsequent purchases.The commonwealth-trained (and more prudent) approach would be to insert the date only when the last party has signed and to use a date no earler than the date of that last signature.

Sometimes we can pay benefit before the date you claim. The law says that we can backdate a Housing Benefit claim for up to 1 month if you are of working age.

It would not be uncommon for there to be a lapse of days or even weeks between the time commercial terms are agreed and the date of final contract execution.



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