Quote:
Originally Posted by woj
but that is pointless, they already know how much you earn, so what will this new system actually accomplish?
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3 reasons
They get their hands on the money 3 months earlier. makes the yearly accounts look good if you don't have to borrow for a qtr.
Only once a year is everything checked that its correct, so it could result in a large under/overpayments.
Companies go out of business owing the taxman money, this way it's impossible to owe more than 1 pay period in taxes.