Glossary
PAYE - Pay As You
Earn - is a standard payment method required by
the UK government that covers any tax payments made
to the Inland Revenue from individuals, organisations
and companies as well as payments made between any of
the aforementioned counterparties
BACS - Bankers' Automated Clearing
Services - is a computerised system which can be
used to transfer funds electronically between different
bank accounts
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Payroll
Services Guide
