PAYE


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PAYE

abbreviation for Pay As You Earn, a scheme for the collection of income tax chargeable on employment income under which tax is deducted by the employer from payments of salary, etc, to the employee and accounted for to the Inland Revenue.
References in periodicals archive ?
Lisa Turner, Intuit's payroll specialist, commented, "We are proud to be supporting employers as they get ready for Real Time PAYE.
Andrew Smith, tax partner at leading accountancy firm Kingston Smith, says: "Confusion over the forthcoming deadline may be particularly high amongst employees who pay tax under PAYE, but come under the self-assessment system due to additional income or gains not covered by PAYE.
All he was required to do was to tick the box on the Inland Revenue form saying he did not operate a PAYE scheme and the benefit could be paid through a bank account, or claimed from the post office.
There are also chapters dealing with capital gains tax aspects of shares and share options, the PAYE and national insurance implications and the corporation tax deduction which may be claimed by the company.
As a PAYE operator, you ll know if the scheme member is a Scottish taxpayer by the tax code provided on the P6.
it's confusing for a small business looking at the PAYE website and trying to find where their own employees fit in the scheme.
Over the last 15 years, RIFT has reclaimed more than PS60 million for PAYE and CIS workers.
David Gauke, Exchequer Secretary to the Treasury, said: "RTI is the biggest-ever reform to the PAYE system, bringing it into the 21st Century and giving HMRC access to more accurate information about people's income.
The number of shares allocated has been reduced as part of arrangements under which the Company will settle some of the PAYE liability arising as a result of the awards.
EFG-IFA client director Rob Davies said: "Having a compliant pension scheme in place is already compulsory for employers with 50,000 or more persons in their PAYE scheme.
Whyte wants an inquiry over why HMRC did not give him more time Labour MP Brian Donohoe on Daily Record for his PS14million PAYE and VAT bill.