PAYE was introduced between the collapse of Italy in 1943 and two months before the Normandy landings in 1944 and it is amazing to think that at such a momentous time in European history Churchill’s War Cabinet were discussing the introduction of such a major and enduring change to the administration of income tax.
PAYE owes its current form to the era in which it was introduced and the wartime legislation was designed to provide an exceptional response to an exceptional situation. However the system with which we are familiar has its roots in World War I. In 1915 the government was keen that the whole nation should contribute towards the cost of World War I. It was proposed that there should be a system of quarterly assessment and collection from all employees but if...
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PAYE was introduced between the collapse of Italy in 1943 and two months before the Normandy landings in 1944 and it is amazing to think that at such a momentous time in European history Churchill’s War Cabinet were discussing the introduction of such a major and enduring change to the administration of income tax.
PAYE owes its current form to the era in which it was introduced and the wartime legislation was designed to provide an exceptional response to an exceptional situation. However the system with which we are familiar has its roots in World War I. In 1915 the government was keen that the whole nation should contribute towards the cost of World War I. It was proposed that there should be a system of quarterly assessment and collection from all employees but if...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: