It has been less than a week since the last positive update from Flowgroup (FLOW), and the good news has kept coming. On Friday, the green energy boiler company announced that it was very likely to benefit from the European Union Commission's updated VAT action plan which was set out the day before.
You may recall that last June Flowgroup took a battering when an EU Court of Justice ruled that the UK reduced green energy tax rates were in breach of EU laws. Flowgroup had to find some serious savings to ensure they could see through the marketing promise; 'a boiler than pays for itself'. Having made those savings and, last week began the installations of the first boilers, it looks as though the group is going to once again benefit from a lower tax level.