Pay as your Earn (PAYE) – Sounds simple yeah? You receive your payslip monthly, and your tax has magically been paid to the government. This isn’t the case – for Limited Company owners, paying PAYE can be a black hole.
Are you a sole trader, then you do not need to fret about PAYE, as your tax is filed out through your tax return at the end of the tax year.
Have you just set up a Limited Company or maybe you are considering setting up as Limited, then you must to file your PAYE through the Limited company.