PAYE is HM Revenue and Customs’ ( HMRC) system to collect Income Tax and National Insurance from employment. PAYE or ‘pay as you earn’, refers to income tax which is deducted from your salary before you receive it.

The alternative way to pay income tax is self-assessment, whereby individuals complete a self-assessment tax return and normally pay tax once or twice a year. It is worth keeping tabs on how much tax is coming out of your pay. It is possible for your tax code to be wrong, or for you to be owed a tax refund on some of your work expenses.

At SEARS Accountant, we can help you deal with your PAYE returns.