Back to Tax Basics: How does PAYE work?
Once you become an employer, you’ll need to set up a pay-as-you-earn (PAYE) scheme All businesses that employ people earning above the National Insurance (NI) lower earnings limit (£120 per week) must register with HM Revenue & Customs (HMRC) as an employer and operate their own PAYE scheme. This applies even if you’re a company owner taking a...