Definition of pay as you earn in English:
(In the UK and South Africa) a system by which an employer deducts income tax from an employee’s wages before paying them to the employee and sends the deduction to the government: a pay-as-you-earn scheme
More example sentences
- Since April 6 last, pay as you earn income tax has been deducted from employees under the new tax credit system.
- The extension is for people with simple tax affairs, who do not have any more than £2,000 tax to pay under self assessment, and are normally taxed through the pay as you earn code.
- In this way, they will help to boost Government revenue through taxes such as pay as you earn arising from increased number of people getting jobs.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan