Please don't be confused with income tax and VAT.
As markymojo says, the VAT can be reclaimable if you intend to set up as a freelance/self-employed pilot after qualification. If you don't you could be liable to pay the VAT back.
You can't reclaim income tax or tax losses for training any more.
Superpilot, to answer your question, where are these companies based? I've not heard of them or the scheme. If they are UK companies, I can't see how it works either!
Cheers
Whirls