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.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005