PAYE definition
Examples of PAYE in a sentence
The total charge rate a Supplier will charge is calculated in accordance with the following example: Based on a PAYE Temporary Work-Seeker at pay point 6 that has not qualified under AWR, therefore a pay rate of £8.01 per hour and WTR of 12.07% applies.
The Supplier shall provide to the Customer the name and, as applicable, the Value Added Tax registration number, PAYE collection number and either the Corporation Tax or self-assessment reference of any agent, supplier or sub-contractor of the Supplier prior to the commencement of any work under this Agreement by that agent, supplier or sub-contractor.
The contractor or Limited Company rate is where the a Temporary Work-Seeker is not a PAYE employee of the Employment Business but has their own Limited Company, which charges £12.19 per hour to the Employment Business.
The Employment Business then include their Supplier fee so the Customer is charged identically irrespective of whether the Temporary Work-seeker is PAYE or a contractor.
Systems must comply with HMRC IR35 legislation in respect of PAYE ensuring all payments and deductions are correctly calculated before payment is made to the worker.