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PAYE System

Browse all articles in the PAYE System tag

Income Tax
Advantages & Disadvantages of Pay As You Earn (PAYE) System

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 &amp; NIC from employees&#8217; 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&#8230; <a class="view-article" href="https://www.coreadviz.co.uk/blog/advantages-disadvantages-of-pay-as-you-earn-paye-system/">View Article</a>

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