In Britain, PAYE is a system of paying income tax in which your employer pays your tax directly to the government, and then takes this amount from your salary or wages. PAYE is an abbreviation for `pay as you earn'. pay as you earn a system for paying tax in which tax is taken from workers' wages and paid directly to the government
Abbreviation for Pay-As-You-Earn, a taxation procedure for wage and salary earners under which income tax is deducted in instalment from periodic pay
Pay As You Earn A scheme that every small business employing people must set up and administer to pay income tax and National Insurance contributions to the Inland Revenue
Income tax for salary and wage earners that is deducted by the organisation each payroll and paid to Inland Revenue as part of the Tax Payment (See PAYE Help)
Acronym for Pay As You Earn PAYE is the system under which your employer deducts income tax from your pay during the year It is a sophisticated system as it takes into account your personal allowances and the different tax rates and tax bands The tax deducted must be shown on your payslip each pay day, and on the P45 which is given to you when you leave that employment, or on the P60 form which is given to you at the end of the tax year