How should I implement items that are normalized in the Database, in Object Oriented classes?

In the database I have a big table of items and a smaller of groups. Each item belong to one group.

This is how my database design look like:

+----------------------------------------+
| Inventory                              |
+----+------+-------+----------+---------+
| Id | Name | Price | Quantity | GroupId |
+----+------+-------+----------+---------+
| 43 | Box  | 34.00 |     456  |     4   |
| 56 | Ball | 56.50 |       3  |     6   |
| 66 | Tin  | 23.00 |      14  |     4   |
+----+------+-------+----------+---------+
Totally 3000 lines

+----------------------+
| Groups               |
+---------+------+-----+
| GroupId | Name | VAT |
+---------+------+-----+
|     4   | Mini | 0.2 |
|     6   | Big  | 0.3 |
+---------+------+-----+
Totally 10 lines

I will use the OOP classes in a GUI, where the user can edit Items and Groups in the inventory. It should also be easy to do calculations with a bunch of items. The group information like VAT are needed for the calculations.

I will write an Item class, but do I need a Group class? and if I need it, should I keep them in a global location or how do I access it when I need it for Item-calculations? Is there any design pattern for this case?