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VAT

Universal Weather  

& Aviation

Learn how ARKK ensured
MTD compliance for an
aviation corporation.

The ARKK Automation Platform allows tax and finance teams to automate the full end to end VAT process. Not only is this fast and effective, but to top it off our inbuilt Machine Learning ensures accuracy and compliance.

Overview

Universal Aviation Case Study

Universal Weather and Aviation, Inc is the world’s oldest business in the corporate flight planning industry. Privately held and headquartered in Houston, Texas the company was founded by Tom Evans in 1959 and now operates in over 30 countries.

The problem

1
Due to the firm's structure and complexity the EMEA division of Universal Weather and Aviation, in particular, were looking at more efficient ways to meet European tax deadlines. The introduction of MTD in April 2019 was yet another obligation, among a growing list of obligations, that the company had to comply with.
2
Although Universal Weather and Aviation could have implemented bridging software, this would only have been a short-term answer as MTD 2020 required a full digital audit trail or ‘digital link’ to remain compliant.
3
ARKK had previously been working with Universal Aviation (UK) Ltd, another division of the company, which is where the referral originated. Akash Kalaiya, Universal Weather and Aviation's EMEA Tax Manager, saw this as an opportunity to not only comply with current MTD requirements but also future-proof the organisation against any upcoming mandate changes.
4
Akash Kalaiya, EMEA Tax Manager: "Due to the size, structure and complexity of the company, we knew it was time to further enhance our tax compliance and reporting capabilities. We needed a company that could hit the ground running and a platform that allowed us to immediately meet our upcoming HMRC requirements. ARKK's automation platform, provided just the answer."

We needed a company that could hit the ground running and a platform that allowed us to immediately meet our upcoming HMRC requirements. ARKK's automation platform provided the answer"

Our solution

The ARKK Automation Platform catches the 'unknown-unknown' errors that can only be found using machine learning.

How ARKK automates the VAT process

Swift and accurate implementation

Recognising that time was of the essence, ARKK quickly got to work understanding Universal Weather and Aviation's VAT processes and reporting nuances to begin building a robust action plan to enable the company to file in time.

Complete collaboration

Due to the time constraints, ARKK knew the only way to avoid missing crucial filing deadlines was with the complete collaboration between both companies. Clear expectations were set early on between both parties in terms of data requirements and timelines, which helped fast-track the implementation phase. In under a month, the company had filed their first MTD submission.

The outcome

Automate VAT with ARKK

Speed and accuracy

Since filing, Akash comments "The speed and accuracy of implementation were incredible. ARKK took the time to fully understand the complexity and issues of our company and set out an action plan to ensure we filed in time."

Key achievements

Choosing ARKK allowed Universal Weather and Aviation to:

  • Meet their imminent HMRC filing requirements in under a month
  • Review and optimise their current tax processes and structure to minimise future disruption
  • Fully comply with MTD phase 1 and 2 and any upcoming mandate changes that may be implemented

Get in touch

Fancy a chat?

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Click below to learn more about our tax automation services.

Click below to learn more about our tax automation services.