PAYE. The Pay As You Earn (PAYE) system is a method of paying income tax and national insurance contributions. Employers deduct, and pass to HMRC, tax and national insurance contributions from their employees’ wages or occupational pension, before the wages or pensions are paid. Self-Assessment is a system of collecting taxes from those who do not contribute through PAYE, or who earn additional income apart from their main employment. Taxpayers self-assess their tax liability, and complete a tax return detailing the taxes due to HMRC and any reliefs that may apply to them. Whether or not an individual is a Welsh taxpayer is decided by place of residence. Where it holds a Welsh address for an individual, HMRC therefore electronically marks (Welsh Address Flag) that record as Welsh - the xxxx/flag being removed or added if the individual moves into or out of Wales. If present and the individual is in employment, the xxxx/flag enables HMRC IT systems to automatically issue a PAYE ‘C Code’ letting the employer know that the employee is a Welsh taxpayer, so income tax should be deducted from earnings using the rates and thresholds set by the Senedd. The Survey of Personal Incomes (SPI) is a set of income tax data, produced annually by HMRC from the information it holds on a large sample group of UK individuals. The SPI is used assess the potential impact of proposed changes to tax rates and thresholds in order to inform Ministerial decisions on tax policy. It is also used to provide summary information for the National Accounts that are prepared by the Office for National Statistics, in addition to provide information to Members of the Senedd, other government departments, companies, organisations and individuals. The Public Use Tape is an anonymised dataset based on the SPI, amended to ensure taxpayer confidentiality. HMRC makes the Public Use Tape publicly available to enable statistical research by organisations and individuals outside of HMRC. The SPI and therefore the Public Use Tape, are always drawn from the latest year for which HMRC has a full set of income tax data – in any given year this will always be the data from two tax years earlier (CY-2). This is due to the timeframe in which HMRC receives information from taxpayers (e.g. self- employed individuals do not have to make return of their income for a year until January 31st of the following year). Real Time Information (RTI) is the system through which employers send employee payroll information to HMR...
PAYE. 5.1.1 All earnings and fringe benefits are taxable and are taxed according to the Income Tax Act.
PAYE. The Company has properly operated the Pay As You Earn system deducting tax as required by law from all payments to or treated as made to its employees and ex-employees and accounting to HM Revenue & Customs for all tax so deducted and all tax chargeable on benefits provided for employees of the Company.
PAYE. The Company has properly operated the PAYE system, deducting tax as required by law from all payments to or treated as made to employees and ex-employees of the Company, and accounted to the Inland Revenue for all tax so deducted and all tax chargeable on benefits provided for employees and ex-employees of the Company.
PAYE. The Pay As You Earn (PAYE) system is a method of paying income tax and national insurance contributions. Employers deduct, and pass to HMRC, tax and national insurance contributions from their employees’ wages or occupational pension, before the wages or pensions are paid.
PAYE. The UK Companies have properly operated the Pay As You Earn (“PAYE”) system in all material respects deducting income tax from all payments to, or treated as made to, employees and ex-employees of it and have accounted to HM Revenue & Customs for all tax so deducted and all tax chargeable on benefits provided to their employees and all returns have been punctually made and were at the time of submission and remain accurate and complete in all material respects and the UK Companies has not been subject to a PAYE audit in the last six years.
PAYE. For the avoidance of doubt, it is acknowledged by the Participant that references in the Plan to “withholding tax” shall include amounts required to be accounted for by the Company or any Subsidiary under the Pay As You Earn income tax rules whether or not such amounts are capable of being withheld or deducted from amounts due to the Participant. In addition to the other terms and conditions of the Plan, the terms set forth in this Addendum B shall apply to Awards issued to Participants that are U.S. taxpayers. All capitalized terms used herein but not otherwise defined shall have the respective meanings set forth in the Plan.
PAYE. 7.1 Dysys has properly operated the PAYE system and has deducted tax as required by law from all payments made or treated as made to its employees or former employees and has accounted to the Inland Revenue for all tax so deducted and to all tax chargeable on benefits provided for its employees or former employees.
PAYE. (i) The Company has operated properly the United Kingdom Pay As You Earn and National Insurance contributions systems and all similar systems in any jurisdiction which applied to the Company ("PAYE") making all deductions and accounting punctually for all sums in respect of all payments to, or treated as made to, employees and ex-employees of them and has accounted punctually to the relevant Government Authority for all Tax so deducted or required to be accounted for and all Tax chargeable on benefits provided to its employees and all returns required and regulations made thereunder have been punctually made and were at the time of submission and remain accurate and complete in all respects and the Company has not been subject to a PAYE audit in the last two (2) years.
(ii) The Company is not under an obligation to pay nor has it since December 31, 2002 paid or agreed to pay any compensation for loss of office or any gratuitous payment not deductible in computing its income for the purposes of Income Tax.
(iii) The Company does not participate in a scheme under section 202 ICTA.
PAYE. The Pay As You Earn (PAYE) system is a method of paying income tax and national insurance contributions. Employers deduct, and pass to HMRC, tax and national insurance contributions from their employees wages or occupational pension, before the wages or pensions are paid. Self Assessment Self Assessment is a system of collecting taxes from those who do not contribute through PAYE, or who earn additional income apart from their main employment. Taxpayers self-assess their tax liability, and complete a tax return detailing the taxes due to HMRC and any reliefs that may apply to them. Welsh Address Flag Status Whether or not an individual is a Welsh taxpayer is decided by place of residence. Where it holds a Welsh address for an individual, HMRC therefore electronically marks (Welsh Address Flag) that record as Welsh - the mark/flag being removed or added if the individual moves into or out of Wales. If present and the individual is in employment, the mark/flag enables HMRC IT systems to automatically issue a PAYE C Code letting the employer know that the employee is a Welsh taxpayer, so income tax should be deducted from earnings using the rates and thresholds set by the Senedd.
