Apprenticeship Levy what is it?

How will it affect your business?

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The Apprenticeship Levy will affect UK employers in all sectors. The levy will be introduced from 6 April 2017 and employers with a wage bill of more than £3 million will start paying the levy in May 2017.

The levy payment will be collected from large employers in both the public and the private sectors. The levy will not affect the funding for apprentices who started an apprenticeship programme before 1st May 2017.

Less than 2% of UK employers will pay the levy as it will only be paid on annual pay bills in excess of £3 million,  around 98% of employers in England - will have 90% of the costs of training paid for by the government.

The payment is paid to the HMRC via PAYE returns.

The purpose of the levy is to encourage employers to invest in apprenticeship programmes and to raise additional funds to improve the quality and quantity of apprenticeships.

The Apprenticeships Levy paid by businesses can be accessed by those same businesses to fund apprenticeship training in their business.

So what does this mean for your business?



To find out more about how we can help you with the Apprenticeship Levy

Please contact:

Claire Gavaghan Vice Principal
Tel: 01702 445716
Email:
clairegavaghan@southend-adult.ac.uk

Please click here for further government information on Apprenticeship funding and how it will work >>