It refers to the sum of money that an employer withholds from the employee’s payments. If you are an employee, you normally pay tax through PAYE. Every time your salary is paid, your employer deducts Income Tax (IT), Pay Related Social Insurance (PRSI) and Universal Social Charge (USC) and pays the amount deducted to Revenue. Meaning of PAY AS YOU EARN. Pay As You Earn, or PAYE, is a federal student loan repayment plan that is good for married borrowers, grad students and those with qualifying low incomes. Define pay as you earn. PAYE is not a tax, merely a scheme for the collection of tax. Definition of PAY AS YOU EARN in the Definitions.net dictionary. 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. Pay as you earn definition: a method of paying tax in which the tax is taken off your wages before they are paid to... | Meaning, pronunciation, translations and examples What does pay-as-you-earn tax mean? "Pay-as-you-earn" taxation is also called withholding. Information and translations of pay-as-you-earn tax in the most comprehensive dictionary definitions resource on the web. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. PAYE ensures that the yearly amounts you have to pay are collected evenly on each pay day over … Information and translations of PAY AS YOU EARN in the most comprehensive dictionary definitions resource on the web. Definition of pay-as-you-earn tax in the Definitions.net dictionary. This amount will be deposited with the government and credited against the employees' tax liability when they file their returns. See INCOME TAX SCHEDULES. Definitions of pay as you earn, synonyms, antonyms, derivatives of pay as you earn, analogical dictionary of pay as you earn (English) ... synonym - definition - dictionary - define - translation - translate - translator - conjugation - anagram. What does PAY AS YOU EARN mean? Meaning of pay-as-you-earn tax. pay as you earn synonyms, pay as you earn pronunciation, pay as you earn translation, English dictionary definition of pay as you earn. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Definition of pay-as-you-earn noun in Oxford Advanced Learner's Dictionary. What is PAYE? Pay-As-You-Earn synonyms, Pay-As-You-Earn pronunciation, Pay-As-You-Earn translation, English dictionary definition of Pay-As-You-Earn. ‘Since April 6 last, pay as you earn income tax has been deducted from employees under the new tax credit system.’ ‘The extension is for people with simple tax affairs, who do not have any more than £2,000 tax to pay under self assessment, and are normally taxed through the pay as you earn code.’ PAYE stands for ‘Pay As You Earn’. PAYE abbreviation for Pay As You Earn, a scheme for the collection of income tax chargeable on employment income under which tax is deducted by the employer from payments of salary, etc, to the employee and accounted for to the Inland Revenue. I would like to …
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