Payer

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Payer

The person making a payment to a payee.

Payer

A person or institution that makes a payment. In ordinary transactions, the buyer is the payer, though a third party may be the payer in some circumstances. In bonds and loans, the issuer or borrower is the payer to the bondholder or lender. In equities, a publicly-traded company is the payer of dividends. See also: Payee.
References in periodicals archive ?
Employers with more than one PAYE system will start their duties for all their PAYEs at the same time, on the staging date of the largest PAYE system.
This year, Evolution is taking part in the pilot alongside 99 other firms with between 49 and 249 employees and feeding back to HMRC its findings to ensure that the RTI PAYE system works.
Every year, employers send PAYE data to HM Revenue & Customs (HMRC), giving details of employees' tax and national insurance contributions; but inaccuracies are commonplace.
3million people had paid too much tax through the PAYE system.
Your PAYE code tells your employer how much income tax they should deduct from your wages between April 2010 and April 2011.
In the PAYE sector, the top pay league was dominated by landlords.
The Inland Revenue is offering financial incentives to encourage firms to file their year-end PAYE returns on-line--and penalties if they don't.
I WAS disgusted by your excellent list of rich celebrities who have obviously not paid their fair shares of tax - unlike us, the common workers who are chained to the vicious PAYE system where tax is stolen from our pay packets.
AStatutory sick pay paid by your employer and sick pay you get from your employer's sick pay scheme are taxable under PAYE.
com/research/0c1152/the_taxmans_visit) has announced the addition of the "The Taxman's Visit - Dealing with a PAYE Review" book to their offering.
The PAYE system checks tax paid against tax owed at the end of each year, meaning under or overpayments can come about through changes in financial circumstances such as changing jobs or receiving benefits.