First of all let’s sort out ‘What the heck is PAYE?’ This is pretty simple. It’s TAX. The acronym PAYE stands for ‘Pay As You Earn’ and everyone has to pay tax on the money they earn.
While this is a bit different for the Self Employed an Employee (be they earning from wages or a salary) is required to pay their tax as they get paid – and this responsibility (to whip the tax out of each Employees pay packet and pay it directly to the government) falls to their Employer to manage. Sounds easy, but . . .
While this is a bit different for the Self Employed an Employee (be they earning from wages or a salary) is required to pay their tax as they get paid – and this responsibility (to whip the tax out of each Employees pay packet and pay it directly to the government) falls to their Employer to manage. Sounds easy, but . . .
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