PAYE System
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Income Tax
Advantages & Disadvantages of Pay As You Earn (PAYE) System
September 27, 2024
Under Pay As You Earn (PAYE) System employers are responsible to deduct both income tax & NIC from employees’ wages before they receive their pay based on the PAYE tax tables issued by HMRC. This system was first introduced in 1944. HMRC provides an unique tax code to every employee depending upon the earning of… View Article
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