Section 64 of the Act of 2012 is amended -

(a) by the insertion of the following definition:

"'Income Tax Regulations' means the Income Tax (Employments) Regulations 2018 (S.I. No. 345 of 2018);",

(b) in the definition of "net emoluments" -

(i) by the substitution of "Regulation 31 of the Income Tax Regulations" for "Regulation 41 of the PAYE Regulations",

(ii) by the substitution of the following paragraph for paragraph (a):

"(a) the Income Tax Regulations, of income tax,",

and

(iii) by the substitution of "has been made." for "has been made;",

and

(c) by the deletion of the definition of "PAYE Regulations".