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Acuity Guide to PAYE and NICs

Pay as You Earn (PAYE) is a system overseen by HMRC under which employers deduct from employees’ wages an amount of income tax, national insurance contributions (NICs) and student loan repayments in accordance with PAYE codes, tables and other procedures laid down by HMRC.

The Real Time Information (RTI) rules require employers to report details of wages and deductions at or before the time of payment.

Employers must pay over the relevant tax and NICs (net of certain adjustments, such as statutory sick pay) each month (or quarter where the expected average
monthly amount is less than £1,500).

Click on the link below to download the full guide

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The information contained within this article is for information purposes only and does not constitute investment advice. It is not an offer to purchase or sell any particular asset and it does not contain all of the information which an investor may require in order to make an investment decision. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future.

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