Problem:
I am trying to: Style my radio buttons by adding and some simple classes. It works on the "default-label" field but not on the "format" field of the wpv-control.

Link to a page where the issue can be seen: https://www.tyntown.com/timebox/

I expected to see: Additional taxonomy buttons are styled like the default first option.

Instead, I got: All the html is being output as is. I even tried just putting %%NAME and it didn't work. The entire line just put out "%%NAME" in plain text.

Solution:
This was fixed in the latest release. Update all Toolset plugins.