Tax Memo


 CHAPTER 1   Pay as you earn 

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 to collect National Insurance contributions (NIC) in relation to employed earners.
The vast majority of employers are required to use an online reporting system referred to as Real Time Information (RTI), which broadly requires employers to submit details of pay and deductions each time such a payment is made (

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