Pay As You Earn (Noun)
Meaning
The British system of withholding tax.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company was required to deduct income tax from employees' wages under the pay as you earn system.
- She had to pay a large amount of taxes due to the pay as you earn scheme used by her employer.
- All UK employers must operate a pay as you earn system to withhold income tax from their workers.
- The accountant explained that the pay as you earn system was a flexible way of paying taxes on a monthly basis.
- Her net salary was lower due to the pay as you earn tax deductions made by her employer.