How To Spell paye?
How to Pronounce paye?
Correct pronunciation for the word "paye" is [pˈe͡ɪ], [pˈeɪ], [p_ˈeɪ].
"Paye" in context
Paye or Pay As You Earn is the employer-led PAYE system of the UK, which is used to deduct Income Tax and National Insurance Contributions from employees' wages or pensions. It is run by HM Revenue and Customs (HMRC) and allows employers to collect and pay tax directly to HMRC electronically. This system operates on the 'real-time' basis, meaning that information is reported to HMRC each time a payment is made; the amount of tax collected by any employee is then automatically updated.
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