What is PAYE?

PAYE stands for pay as you earn. This scheme is a payment method with what the employer has to take care. The employees who have wages that are over predefined amount then they are obliged by law to contribute to national insurance, the pension and so on. The taxes mentioned above are collected before handing out the wages by the employer. The amount collected has to be deposited to the revenue office within two weeks after it has been collected.