Tyas & Company
Chartered Accountants, Registered Auditors, Tax, Financial & Business Advisors

Building & Construction

For Accountants specialising in Construction in West Sussex, Tyas and Company are the people to go to

Tyas & Company have extensive knowledge of the construction industry and understand the risks and opportunities construction companies face in this rapidly changing industry

Whether you are a developer, builder, trade contractor or a subcontractor we know your business.

·     5% vat rates

·     Employed or Self Employed

·     Registration for CIS

·     CIS deductions

·     Subcontractor verification process

·     Monthly returns and record keeping

·     Tax and Vat enquiries

·     Work in progress valuations

·     The new penalties for late returns

·     Appeals

·     Regaining lost status with HMRC

 

Our specialist knowledge allows us to help a wide range of businesses operating in the construction sector through positive and practical advice. 

 

Contact Tyas & Company of Crawley now and find out how we can help you with your concerns

Whether you use us or not – one word of advice - do not be late in filing your CIS Returns. The penalties can get very expensive as the HMRC table below shows

 

Penalties for missing the return deadline

 

Length of delay

Penalty you will have to pay

1 day late

A fixed penalty of £100. This applies even if your return has no subcontractors on it - a nil return.

2 months late

A fixed penalty of £200. This applies even if your return has no subcontractors on it - a nil return.

6 months late

£300 or 5% of the CIS deductions shown on the return, whichever is the higher. This is as well as the penalties above.

12 months late

£300 or 5% of the CIS deductions shown on the return, whichever is the higher.

In serious cases you may be asked to pay up to £3,000 or 100% of the CIS deductions shown on the return, whichever is the higher.

These are as well as the penalties above. 

 

Contact Us

Our expert team are here to help.
Click to contact us

 

Book an Appointment

We're just a phone call or a click away
Click to book a meeting

 

Ask a question

Need some advice. Ask us now.
Click to send a message

Partners

Stephen Tyas                             Stephen Ayres

 

 

Registered to carry on audit work in the UK by the 
Institute of Chartered Accountants in England and 
Wales and authorised and regulated by the 
Financial Conduct Authority for investment 
business

Contact Us

Telephone: 01293 843900

Fax: 01293 614312

Email: reception@tyas.com  

5 East Park, Crawley, West Sussex, RH10 6AN