PAYE Employees

PAYE stands for Pay as you earn. An employer will typically manage to deduct tax and National Insurance contributions from your pay. They also have to evaluate and pay employer’s NICs to HM revenues and Customs. They also maintain records of each employee’s gross pay for both tax and NICs. Moreover, when an employee is paid, payroll records are submitted to HMRC. The due amount to HMRC from the employee’s gross pay will be determined by the amount of gross pay received and the tax code and NI threshold that is specifically to the individual worker.