(1) The Principal Act is amended -

(a) in section 472(2)(a)(ii), by substituting "Income Tax (Employments) Regulations 2018 (S.I. No. 345 of 2018)" for "Income Tax (Employments)(Consolidated) Regulations 2001 (S.I. No. 559 of 2001)",

(b) in section 531AL -

(i) by inserting the following definition:

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

and

(ii) by deleting the definition of "PAYE Regulations",

(c) in paragraph (a) of the Table to section 531AM(1) -

(i) in subparagraph (i), by substituting "Regulation 31 of the Income Tax Regulations" for "Regulations 41 and 42 of the PAYE Regulations", and

(ii) in subparagraph (III), by substituting "following receipt of a notification issued by an inspector under section 984(1)" for "on the direction of an inspector in accordance with Regulation 10(3) of the PAYE Regulations",

(d) in section 531AN -

(i) by substituting the following for subsection (7):