5. In regulation 8 (thresholds and methods for calculating the estimated value of the concession contract) of the Concession Regulations(1)—
(a)in paragraph (1)—
(i)for “£4,733,252” substitute “£5,336,937”,
(ii)for “not including value added tax” substitute “inclusive of value added tax, where appropriate”,
(b)in paragraph (3) for “net of value added tax” substitute “inclusive of value added tax, where appropriate”.
S.S.I. 2016/65 as amended by regulation 8(5) and (6) of the 2020 Regulations.