Flowgroup hit by EU ruling on VAT rates for energy efficient products
Although the UK Government are yet to clarify their ongoing position, it is likely that customers of Flowgroup’s boilers will no longer benefit from the 5% reduction of VAT. Therefore, in order to ensure customers remain unaffected by any potential increase in VAT and in order to maintain the long-term viability of the ‘Boiler than pays for itself’ model, the company has decided to focus on its cost reduction programme.