pay-as-you-earn


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pay-as-you-earn (PAYE)

a scheme for collecting INCOME TAX due from the earnings of an individual by deducting the tax owing before an employer pays WAGES or SALARIES. PAYE is not a tax, merely a scheme for the collection of tax. See INCOME TAX SCHEDULES.

pay-as-you-earn (PAYE)

a scheme for collecting INCOME TAX due from a person's earnings by deducting the tax owing before that person's employer pays WAGES or SALARIES. PAYE is not a tax, merely a scheme for the collection of tax. See INCOME TAX SCHEDULES.