Tax Return (United Kingdom) - PAYE Deductions

PAYE Deductions

At the end of the tax year, after 6 April, employers operating PAYE schemes must report to HMRC their employees, the total that has been paid to them, the amounts of income tax and national insurance contributions (NICs) that have been deducted from those payments, and the amount of employer's NICs due. This is done on form P35.

Read more about this topic:  Tax Return (United Kingdom)

Famous quotes containing the word deductions:

    In the one instance, the dreamer ... loses sight of this object in a wilderness of deductions and suggestions ... until ... he finds the incitamentum, or first cause of his musings,... forgotten. In my case, the primary object was invariably frivolous, although assuming, through the medium of my distempered vision, a refracted and unreal importance.
    Edgar Allan Poe (1809–1849)