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New alliance aims to streamline tax reclamation for business aviation

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Businessman in front of business aviation jet

Satcom Direct (SD), the AI-powered spend management platform MySky, and tax reclamation experts, VAT IT USA, have entered into a strategic alliance to streamline VAT and tax reclamation to mutual customers by leveraging each partner’s technology.

The aggregation of the VAT IT tax recovery option with the MySky financial module, within the digital flight operations platform SD Pro, acts as a force multiplier for flight departments, operators, and owners. After a complimentary one time sign up to VAT IT, tax specialists will assess and process inputted expense and invoice data to initiate the VAT reclamation which saves money, reduces workload, and improves the overall ownership experience.

For those requiring Mineral Oil Tax reclamation, the VAT IT module also supports the highly complicated reclamation process to further enhance the offering.

The first phase of the integration will begin immediately, allowing SD and MySky users to sign-up for the gratis VAT IT service, with the full tax reclamation service slated to be made available through SD Pro and MySky in Q2 2022.

“This arrangement showcases the benefits of our open architecture platform, which allows integration of third-party suppliers to deliver tangible added value to the user experience,” sa Chris Moore, president business aviation, Satcom Direct. “We support an established, international, customer base that uses SD Pro to manage all aspects of flight operations, MySky has the technology to streamline financial management for operators and flight departments, and VAT IT has the expertise to facilitate valuable VAT reclamation for its clients. With this alliance we are truly optimising the power of integration to better serve our customers.”

The new agreement enables an unprecedented means of improving tax recovery, an often cumbersome, and ignored, time-consuming task. “The addition of VAT IT to the combined benefits of SD Pro and MySky heightens fiscal control and efficiencies, giving flight departments and operators significantly bolstered financial and taxation support. By simplifying tax recovery, we are delivering a winning formula for all stakeholders involved with managing the aircraft budgets; even corporate financial departments will welcome the VAT recovery option,” commented Carl de Lange, Managing Director of VAT IT USA.

The MySky module in SD Pro provides access to financial data and proprietary IT tools that help owners and operators reduce costs, refine spending, and improve the overall aircraft ownership experience. “MySky strongly believes in the importance of increasing efficiency for business aviation owners and operators. We are delighted that the alliance with SD and VAT IT significantly simplifies processes and saves time for users. This is another step forward to making operations smoother and more transparent within our sector,” added Jean De Looz, MySky Managing Director Americas.