Pay as you earn and Quid pro quo: Difference between pages

Revision as of 15:39, 20 August 2013

Latin phrase that means 'what for what or something for something'.

The concept of getting something of value in return for giving something of value.

For example for a contract to be binding, it usually must involve the exchange of something of value.

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-''UK tax.''
+Latin phrase that means 'what for what or something for something'.
-(PAYE).
+The concept of getting something of value in return for giving something of value.
-The system used in the UK to collect income tax and national insurance contributions from employees.
+For example for a contract to be binding, it usually must involve the exchange of something of value.
-Income tax and national insurance, together with other items such as student loan repayments and pension contributions, are deducted from wages and salaries by the employer, throughout the tax year.
 == See also ==
-* [[Collect]]
+* [[Consideration]]
-* [[Employee]]
-* [[Employer]]
-* [[Income Tax]]
-* [[National Insurance]]
-* [[Payroll tax]]
-* [[Pension]]
-* [[Tax]]
-[[Category:Accounting,_tax_and_regulation]]