what is a paye settlement agreement
1. A. Settlement Agreement (. ) allows you to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for your employees.If you get a PSA for these items you wonât need to: 1  put them through your payroll to work out tax and National Insurance.ettlement Agreement (. ) allows you to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for your employees.