What is PAYE for employers by UK HM Revenue and Customs?
A. PAYE, which stands for "Pay As You Earn" is the system that UK HM Revenue & Customs (HMRC) uses to collect Income Tax and National Insurance contributions (NICs) from employees' pay as they earn it. The term 'employee' in this sense includes directors of limited companies.
Tags: customs, employers, HM, PAYE, Revenue, UK