All VT users can install/update from the following download:
New customers can also download from the link above and use the software for free for 60 days.
HMRC showing incorrect MTD income tax obligation dates for some taxpayers
The following programs can be used to keep digital records without a VT licence:
Digital record sheet - a VT Report spreadsheet template
VT Cash Book - a simple payments and receipts entry program
This enables accountants/agents with a VT licence to submit quarterly updates from digital records maintained by their clients, without the clients needing a licence.
A licence is required to submit quarterly updates.
VT Software has been providing low cost, easy to use desktop accounting software for over 25 years.
£90 for 1 year per user:
£175 for 1 year, £90 per additional user:
To install or update either package, click on the Download VT Software button above left.
1. All prices are exclusive of VAT at 20%
2. VT Final Accounts is an Excel Add-in, which requires the 32-bit desktop version of Excel
VT Transaction+ is a fully featured desktop bookkeeping program, which is fast, flexible, and simple to use.
It is especially useful for small businesses that need an inexpensive solution for bookkeeping and submitting VAT returns and income tax quarterly updates to HMRC.
Transactions can easily be entered or imported and various financial reports can be generated.
VT Final Accounts is an Excel add-in that enables you to import or enter a trial balance and generate a set of financial statements for a micro company under FRS 105, or a small, medium or large company under FRS 102.
The financial statements can easily be converted to iXBRL and filed with Companies House using the integrated VT Filer program.
VT Report is a spreadsheet program and bridging tool for MTD.
It includes VAT return templates, which can be submitted by MTD to HMRC directly from the sheet. Data can easily be imported, or you can enter transactions on a template. There is also a flat rate VAT return template, which can easily import data from a VT Transaction+ file and convert it to a flat rate return.
Quarterly updates for income tax can also be submitted by MTD to HMRC, either by importing your own data, or entering transactions on a templates. Various templates are included for self-employment, UK property and foreign property, including joint-ownership.
The MTD functionality in VT Report requires a subscription either of the VT Transaction+ or VT Accounts Suite packages. If you do not require MTD functionality, VT Report is free.
VT Cash Book is a simple cash accounting program for recording bank or cash payments and receipts, and includes a bank reconciliation function.
Data from VT Transaction+ can be viewed in VT Cash Book without a subscription.
VAT returns and income tax quarterly updates can be submitted to HMRC by MTD from VT Cash Book. The MTD functionality in VT Cash Book requires a subscription to the VT Transaction+ package. If you do not require MTD functionality, VT Cash Book is free.
The lowest priced package, VT Transaction+ is £90 + VAT a year, for a single user.
This enables you to carry out bookkeeping, VAT return submissions and income tax quarterly update submissions for an unlimited number of businesses.
There are also no limits to the number of invoices that can be created or transactions that can be entered in VT Transaction+, and you get access to all its features (except for Agent Services Account submissions).
Should you need to submit accounts to Companies House, or use an Agent Services Account, the full VT Accounts Suite also provides excellent value at £175 + VAT a year for a single user.
VT's programs are desktop applications and the functionality of the software is very quick with no time lag. Transactions can also be imported in bulk, including bank statement CSV files.
One of the most popular aspects of VT's programs is their simplicity. The programs are very intuitive and simple to use.
You can test this yourself by downloading VT Software (which you can use for free for 60 days) from the link at the top of this page, and following the steps in the quick start guides:
VT Transaction+ Quick Start - Bookkeeping, MTD VAT returns and quarterly updates
VT Cash Book Quick Start - Bookkeeping (cash basis), MTD VAT returns and quarterly updates
VT Final Accounts Quick Start - Accounts production and filing to Companies House
VT Report User Guide - VAT returns and quarterly updates (MTD bridging software for spreadsheet users)
All VAT registered businesses must submit VAT returns to HMRC using Making Tax Digital (MTD) for VAT compatible software.
You can submit VAT returns to HMRC either from the bookkeeping software (VT Transaction+/VT Cash Book), or from a spreadsheet using VT Report or VT MTD for Excel.
These programs are HMRC recognised as being MTD for VAT compatible.
If you come under MTD Income Tax requirements, one of your obligations to HMRC is to submit quarterly updates of income and expenses. The quarterly updates can be submitted from VT Transaction+/VT Cash Book or from a spreadsheet using VT Report or VT MTD for Excel.
These programs are HMRC recognised as being MTD for Income Tax compatible.