"Pay as you earn" Definition
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 Glossary   >   P   >   "Pay as you earn" Definition   

        Pay as you earn

People who earn income from employment or who receive a pension are liable for income tax under the PAYE system.Taxable pay (gross salary less pension contributions less allowances) is used by the employer to calculate a person"s income tax (according to his/her notice of coding) which is passed to the Inland Revenue usually monthly or weekly. This ensures that employees pay their income tax on a regular basis.

Pay as you earn


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Pay as you earn - People who earn income from employment or who receive a pension are liable for income tax under the PAYE system.Taxable pay (gross salary less pension contributions less allowances) is used by the employer to calculate a person"s income tax (according to his/her notice of coding) which is passed to the Inland Revenue usually monthly or weekly. This ensures that employees pay their income tax on a regular basis.


Pay as you earn : people who earn income from employment or who receive a pension are liable for income tax under the paye system.taxable pay (gross salary less pension contributions less allowances) is used by the employer to calculate a person"s income tax (according to his/her notice of coding) which is passed to the inland revenue usually monthly or weekly. this ensures that employees pay their income tax on a regular basis.