Commentaries

Tax Memo


PART 3
PAYE and NIC

 CHAPTER 1   Pay as you earn 

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The Pay As You Earn (PAYE) system is a method of collecting income tax at source from employment income, pensions and taxable state benefits. It is not a separate tax, although it is often mistaken for one. The mechanics of the PAYE system are also used for collecting National Insurance contributions (NIC) for employed earners.
Other topics which are closely related to PAYE earnings are benefits, expenses, and statutory payments, all of which are administered by the employer, and interact closely with PAYE cash deductions.
 

 SECTION 1   General principles 

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