Paye (Noun)
Meaning
The British system of withholding tax.
Classification
Nouns denoting possession and transfer of possession.
Examples
- My employer deducts income tax from my salary under the PAYE system.
- Under PAYE, her company automatically sends her tax to HMRC every month.
- Employees are responsible for ensuring their PAYE code is correct to avoid underpayment.
- She has been asked to complete a new PAYE form after changing her address.
- As he earns income from self-employment and employment, he needs to account for both on his PAYE tax return.