Section 8 of the Principal Act is amended -
(a) with effect from 1 March 2007 -
(i) in subsections (3), (3A) and (9), by substituting "€35,000" for "€27,500" in each place it occurs, and
(ii) in subsection (3) by substituting "€70,000" for "€55,000" in each place it occurs,
and
(b) in subsection (8) -
(i) in paragraph (a) -
(I) by substituting ", established in the State and engaged in the supply of goods or services in the course or furtherance of business," for "established in the State",
(II) by substituting "for the purpose of this Act, the said Commissioners may, whether following an application on behalf of those persons or otherwise" for "subject to such conditions as they may impose by regulations, the said Commissioners, for the purposes of this Act, may",
(III) by substituting the following subparagraph for subparagraph (i):
"(i) by notice in writing to each of those persons deem them to be a single taxable person, referred to in this section as a 'group' and the