Meaning of PAYE in English

/ ˌpiː eɪ waɪ ˈiː; NAmE / abbreviation

pay as you earn (a British system of paying income tax in which money is taken from your wages by your employer and paid to the government)

For more information see the Cultural Guide

Oxford Advanced Learner's English Dictionary.      Оксфордский английский словарь для изучающик язык на продвинутом уровне.