Notional payments are not cash payments. However, various types of 'emoluments paid other than in cash' are subject to the PAYE regime. There is a practical issue with the operation of PAYE, so special rules apply.
Readily convertible assets are a common form of notional payments and are discussed at 3.3.
On making a notional payment to an employee, an employer must:
- Ìý
•ÌýÌýÌýÌý calculate the
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:13