PAYE - or 'pay as you earn' - is the way most employees pay income tax in the UK and employers must provide certain PAYE forms to show what tax has been deducted from your salary. In this guide, we ...

A P45 is important as it gives your new employer ... have earned and how much tax you have paid in the previous year. The UK has two main rates of income tax: 20% and 40%. We explain these ...