When a limited company is incorporated, and has one employee or more, it must register for the Pay As You Earn (PAYE) scheme with HMRC.
To register for PAYE, you’ll first need to register your company . Only businesses that are registered with Companies House have the right to employ workers.
PAYE refers to the system whereby income tax and National Insurance (NI) contributions are deducted from an employee’s gross pay, the balance of which is the employee’s weekly (or monthly) net pay. The tax and NI contributions are then paid to HMRC. While other deductions may also be taken from an employee’s gross pay, such as pension contributions and child maintenance payments, these are not paid to HMRC.
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