pay as you earn (PAYE)

  

Definition

Tax payment method in which an employer is required by law to deduct income tax (and national insurance, if applicable) from an employee's taxable wages or salary. This amount (with the employer's contribution, if applicable) is deposited with the revenue office usually within 14 days after collection.

Use this term in a sentence

Related Videos




http://www.businessdictionary.com/definition/pay-as-you-earn-PAYE.html

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z