VT Accounts - Changes and fixes    
March 2021 (final release)
  • VT Final Accounts and VT Data Export add-ins. Parts of the software that used old Excel features have been re-written. Many features, including the New Accounts Workbook dialog and all of VT Data Export, were not otherwise working. This arose after a Windows update.  The templates are not affected.

  • VT Data Export add-in. Only the export of data via the clipboard is now supported.

  • VT Final Accounts add-in. The appearance of all the screens has been harmonised.

  • VT Final Accounts. A bug that prevented workbooks saved on Onedrive importing balances from VT Transaction+ has been fixed.

  • VT Transaction+ and VT Cash Book. All screen and font sizes have been increased by up to 25% and 3D effects removed. There is no change in layout or functionality.

  • VT Transaction+. A bug that sometimes caused VT Transaction+ to crash when copying and pasting from Excel to the Universal Input Sheet has been fixed.

  • VT Transaction+. The information pane at the bottom of the accounts window is now hidden by default. To display it, click on the light bulb button at the bottom of the accounts window.

  • VT Transaction+ and VT MTD for Excel. The wording on the VAT return has been updated in accordance with HMRC guidelines for periods commencing on or after 1 January 2021. Earlier returns retain the old wording.

January 2021
  • VT Final Accounts templates. The audit reports have been updated in accordance with the FRC Bulletin Illustrative auditorís reports on United Kingdom private sector financial statements (March 2020). The changes apply to accounting periods commencing on or after 15 December 2019. Please note that the old audit reports are no longer contained within the package.

  • VT Final Accounts templates. The Copy Comparatives From Current Year command now copies the Average number of employees.

  • VT Final Accounts and VT Transaction+ templates. Telephone and fax has been changed to Telephone and internet.

  • MTD in VT Transaction+, VT Cash Book and Excel. A VAT return for a period of one day can now be submitted. This required a workaround to avoid a limitation in HMRC's systems.

  • VT Transaction+. For transactions dated on or after 1 January 2021, the EU VAT options are only available if Business is situated in Northern Ireland or the EU is ticked on the Set Up>VAT tab.

June 2020

  • VT Final Accounts add-in. A fault that caused the CompanyIsAPartnerInAFirm tag to be omitted from the iXBRL corporation tax computation when using the latest taxonomy has been corrected. The templates are unaffected.

  • VT Final Accounts add-in. The iXBRL corporation tax taxonomy has been updated to the 2020 version. This can be used for all periods commencing on or after 1 April 2015. The templates are unaffected.

  • VT Final Accounts add-in and company templates. The old UK GAAP templates have been removed.

April 2020

  • VT Final Accounts micro-entity template. The Average number of employees note was not tagged. This has been corrected. This is important as Companies House are making this tag mandatory from 13 July 2020. In old workbooks, this note can be very easily tagged by clicking on the Set Tag (Easy) button on the VT toolbar in Excel (provided the current version is installed).

  • VT Final Accounts company and LLP templates. AutoHide has been removed from the Average number of employees note. VT have been advised by Companies House that the average number of employees must be disclosed even when zero. In old workbooks, if necessary, this can be achieved by selecting the note and choosing the VT Final Accounts>AutoHide>Remove All Areas From Region command.

  • VT Final Accounts add-in. The normal iXBRL convention is that nil numbers and amounts are not tagged. However, this has been overridden for the average number of employees tag (as this tag is mandatory even when zero).

  • VT Final Accounts add-in. The XBRL taxonomies have been updated to the latest versions. The old taxonomies are not valid for periods ending after 31 March 2021. Please note that this is a software change and applies automatically to all old templates.

  • VT Transaction+. The main data entry dialogs have been modified so that an analysis entry can now be made to a VAT input or output account. This facilitates the correct entry of transactions subject to domestic reverse charge VAT. For further guidance please click here.

January 2020

  • MTD in VT Transaction+, VT Cash Book and Excel. Technical changes have been made to the data that helps enable HMRC detect fraudulent submissions and re-claims. It is a legal requirement to send this data (known as the anti-fraud headers) in the correct format. It is a legal requirement, therefore, to install this update.

  • MTD in VT Transaction+, VT Cash Book and Excel. VAT return submission receipt. A Print button has been added.

  • MTD in VT Transaction+, VT Cash Book and Excel. Grant Authority dialog. Some of the wording has been made clearer.

  • MTD in VT Transaction+, VT Cash Book and Excel. A bug that prevented non-zero amounts less than £1 being submitted has been fixed.

  • VT MTD for Excel. Specify VAT Return Cells dialog. Buttons have been added to clear all references and to change all references to another sheet.

  • VT Final Accounts add-in. The corporation tax rate for periods commencing on or after 1 April 2020 has been changed from 17% to 19% (in anticipation of the March 2020 budget and as indicated in the Conservative manifesto).

  • VT Final Accounts company and LLP templates. Audit report. Bannerman clause moved to end of audit report in accordance with ICAEW Technical Release 01/03AAF (Revised).

Earlier changes

VT Software>Support>Changes and fixes