Guide to PAYE Tax for Employers
- Croner
- Mar 10
- 4 min read
If your business has expanded to where you’re thinking about hiring someone, it’s important to do some research about payroll. This is an area where small businesses traditionally fall down. This is because payroll can get complicated, quickly. Most people pay income tax through PAYE. In this article, we’ll look at how you use the PAYE system as an employer.
What is PAYE?
It stands for Pay As You Earn (PAYE) and it’s the system set up by HMRC to collect Income Tax and National Insurance from employment. You use it to deduct the correct amount of tax and national insurance contributions before paying employees their wage or pension. Each month you send these deductions to HRMC.
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