Pay As You Earn (PAYE)
The HMRC system under which employers deduct Income Tax and National Insurance from employees’ pay and pass it to HMRC.
Also known as: PAYE
Related terms
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National Insurance Contributions (NICs)
Payments collected by HMRC from employers, employees and the self-employed under the National Insurance system.
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HMRC business debt
Tax or other amounts owed by a business to HMRC, such as VAT, PAYE, CIS deductions or Corporation Tax.
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Time to Pay (TTP)
An HMRC arrangement that allows an individual or business to pay overdue tax by agreed instalments where HMRC accepts the proposal.
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