VT Transaction+

Standard quarters

The default quarterly update periods start from 6 April, i.e., standard quarters:

If your accounting period starts on 6 April, you should use standard quarters. Standard quarters is the default reporting period option in the software so you do not need to change this option.

Calendar quarters

If your accounting period does not start from 6 April (e.g., 1 April to 31 March), you can opt to submit quarterly updates for calendar quarters, however you need to change the default reporting period option from standard to calendar.

1.The From date for each quarterly update is the start of the first quarter, since each quarterly update is cumulative from the start of the first quarter to the end of the quarter being reported.