uticadating com - Back dating invoices
For example, there may have been a transfer of trade from one group company to another on a particular date.As from that date, customers may have been invoiced by the transferee, employees may have been paid by the transferee, and accounting entries may have been made to reflect the purchase price payable for the assets.This type of arrangement would not bind third parties, but it may be effective from an accounting and tax perspective depending on the length of time which has elapsed since the intended historic effective date.
And this is why defenses to backdating sometimes get hard for me to understand.
Sure the accounting rules are arcane and most people don’t know them.
I currently have a vat registration going through and this will also hopefully be back dated.
If it goes through 6 months in the past, what will happen to all the previously entered invoices and the associated vat.
There are some cases where this approach is not possible.
For example, a reduction of share capital using the UK solvency statement procedure only takes effect in law when it is actually registered with Companies House.
So any attempt to rely on the reduction before registration would be ineffective.
You will also need to consider two other things from a legal perspective.
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For example will they be included on the first vat return?Tags: Adult Dating, affair dating, sex dating