Convolus, the operator buying club with a member-only platform, has partnered with VAT IT in order to offer cost-efficient VAT & MOT (Mineral Oil Tax) reclaim services. Convolus’ Members can now access preferred pricing and benefit from streamlined processes for VAT & MOT reclaims.
The partnership combines VAT IT’s expertise with a simpler transfer of relevant invoices through Convolus’ systems, effectively reducing back-office workload for the Convolus Members.
VAT can add 15%-25% to all aviation-related expenses, while MOT usually attracts a much higher percentage. In most cases however, this expense is reclaimable for commercial operators.
“Reclaiming VAT seems to be one of those cost centres that are sometimes not taken seriously enough. Some operators currently do not even reclaim any VAT. Those that do often pay too much for the service. This really comes down to helping our Members to not leave money on the table and increase their profitability”, said Irena Deville, Co-Founder and CEO.
“Partnering with Convolus highlights our commitment to increasing our reach in the business aviation segment, an area that we are particularly experienced in. We are delighted to offer our services to Convolus Members who will benefit from our aviation expertise and global footprint, at preferred pricing considering the growing number of aircraft part of Convolus” adds James Wigginton, Sales Director, VAT IT UK.
Convolus is the only operator-independent Buying Club, with 140+ aircraft Members across Europe, focusing on the needs of the Group and maintaining full confidentiality between every Member. Its unique software-empowered approach helps to scale the principle through its digital platform by surfacing ideal buying options, generating personalised savings reports, digitalising invoices for spend analysis, and more.
Convolus provides operators with independent advice and the best value purchasing deals on costs they incur on a current basis, without interrupting daily operations. An equal focus is put on assisting suppliers to better target the fragmented operator landscape.
About VAT IT
VAT IT is a global leader in cross-border VAT and tax recovery. We maximise your tax recovery end to end through our industry-leading technology, while ensuring full compliance.
We are proud to offer commercial aviation operators a full solution to reclaiming tax and exercise duties charged on fuel purchases, as well as VAT incurred through ground handling, navigation and pilot travel expenses. In addition to helping you save up to 40% on total flight costs, we will also ensure your total aviation tax compliance.