pay as you earn (Meaning)

Wordnet

pay as you earn (n)

the British system of withholding tax

No Synonyms and anytonyms found

The pay as you earn tax system deducts income tax directly from employee salaries.
Businesses are responsible for withholding pay as you earn taxes on behalf of their employees.
Pay as you earn helps ensure that employees pay taxes throughout the year, reducing the risk of large tax bills at the end of the fiscal period.
Under a pay as you earn scheme, employees receive regular payments that incorporate the deducted tax.
Pay as you earn systems typically involve a withholding rate based on the employee's income and other factors.
The pay as you earn method aims to spread tax payments evenly, making them less burdensome for employees.
Employers are required to calculate and remit pay as you earn taxes to tax authorities regularly.
Pay as you earn systems are designed to streamline tax collection and encourage compliance.
Employees can estimate their pay as you earn tax obligations using online calculators or consult with tax professionals.
The pay as you earn approach simplifies tax administration and reduces the need for end-of-year tax adjustments.

the British system of withholding tax

No synonyms found.

No antonyms found.

The pay as you earn tax system deducts income tax directly from employee salaries.

Businesses are responsible for withholding pay as you earn taxes on behalf of their employees.

Pay as you earn helps ensure that employees pay taxes throughout the year, reducing the risk of large tax bills at the end of the fiscal period.

Under a pay as you earn scheme, employees receive regular payments that incorporate the deducted tax.