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VAT rates

  From 1 April 2015 From 1 April 2014
Standard rate 20% 20%
Standard rate VAT fraction 1/6 1/6
Reduced rate 5% 5%
Reduced rate VAT fraction 1/21 1/21
Zero rate  0% 0%
Taxable turnover limits
Registration - last 12 months or next 30 days over £82,000 £81,000
Deregistration - next 12 months under £80,000 £79,000
Cash accounting scheme - up to £1,350,000 £1,350,000
Optional flat rate scheme    
 - joining up to £150,000 £150,000
- exiting over £230,000  £230,000*
Annual accounting scheme - up to £1,350,000 £1,350,000
Intrastat reporting
Arrivals threshold £1,500,000  
Dispatches threshold £250,000  


















A business must leave the scheme when turnover increases to £230,000. However, a business can remain in the scheme with HMRC's written agreement provided it can be shown that total sales in the following 12 months will be less than £191,500 including VAT.

Did you know?

The Treasury is expecting to raise £102.3 billion (2014/15 - £97.6 billion) from VAT.

Cars and your VAT return

VAT scale figures for private use are based on carbon emissions. Please refer here for the scale figures for your VAT returns.

Keep the score in your business with our new on-line Accounting Service

Rochesters On-Line Accounting Service combines the practicality of cloud accounting backed with our service and expertise.
To hear more about how our new service can help your business, call now for a free, no obligation consultation
on 0121 233 2992


What our clients say about us


"Steve is more than just an accountant he is an advisor who actually does the job. Rochesters have acted for us now for over 10 years and throughout that period Stephen has made sure that he has kept in touch with us and is up to date with what is happening in the business. This has enabled us to get the best advice we can for tax purposes and for the commercial operation of our business."

Mr Paul Easthope, Joint Managing Director, Eastwood Air Conditioning Limited

"Stephen and his team act for all our interest and throughout that period have resolved problems from the past and endeavour to provide advice for the present and the future. I wish them well."

Mrs June Jones, Financial Director, Express Polythene Limited

"Stephen, Peter and their firm Rochesters have been acting for our group of companies for over 15 years. Throughout that time they have given us a service that has ensured that we have complied with the laws of the land and at the same time provided advice on how to minimise our tax liabilities within the framework of the law. At all times they have shown integrity and a positive attitude to our business."

Mr Stuart Gleghorn, Joint Managing Director, Die-Pat Holdings Ltd

"Rochesters have acted as my accountants, auditors, and business advisers for many years. During that time they have displayed the utmost professionalism across all areas including personal taxation matters. They have provided proactive technical advice and assistance especially in areas of corporate taxation. Stephen and his team are always available at short notice, and I am certain that my business has benefited from my association with them."

Mr Frank Marks from Marks Insurance Consultants Ltd

"Maximum  have worked with Rochester’s now for the last couple of years and find the experience to be a pleasure. The service they provide has been flawless and as we, as a company have grown, the service they have provided has grown with us. I would recommend this company as a strong partner to any business at any stage, whether that be a small start-up business or a fully developed multinational."

Mr Peter McMullan from Maximum Group.Net

Rochesters have acted for over 15 years for the MCP Group and during that time they have carried out their compliance duties with the utmost professionalism and at times provided good sensible advice on taxation.

Mr Stephen Holley, Financial Director, Midland Chromium Plating Holdings Limited

Having been poorly treated by accountants for years, I decided to try and find a different solution. The introduction to Stephen Rochester in 2012 was a breath of fresh air.

He came to me with ideas, asked me questions that made me think and planned a solution both for the short and long term. No other accountant had ever done this before. I knew there and then that A successful partnership would form.

In 2014, the relationships I have with Stephen and the whole of his team at Rochesters are excellent and the service is world class! I have recommended their services to other businesses and friends and will continue to do so in the future!

If you are looking for a professional, proactive accountancy firm that will deliver and assist in the running of your business then look no further than Rochesters!

Mr Warren Groom, Director, Groomfield Recruitment Ltd

IRC Carocelle Limited have benefited from the high level of  professionalism offered by Rochester’s for many years.

Rochester’s personable approach to their client needs is a major factor in the success of the working relationship between our businesses

Stephen Rochester spearheads a vibrant and enthusiastic team of professionals, feeding off his wealth of knowledge and exceptional people skills.

It has been a pleasure dealing with Rochester’s through difficult economic circumstances, their financial strategic support being invaluable in maintaining a strong financial balance sheet for the business.  We look forward to further developing our successful working relationship through brighter economic times ahead.

Mr Stephen Holder from IRC Carocelle Limited


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