Apprenticeship Levy

Mar 27, 2017 | Uncategorized | 0 comments

The Apprenticeship Levy is part of the government’s plan to increase the quantity and quality of Apprenticeships. The Levy is a new tax which aims to fund three million new Apprenticeships in England by 2020.The Levy came into effect in April 2017. Employers included in the Levy should have had their first Levy payment taken then.

All UK employers who have a total employee pay bill above £3m a year will pay the Levy. This includes public and private sector, charities and educational providers such as academy groups and universities. The Levy rate was set at 0.5% of your pay bill in the November 2015 Comprehensive Spending Review. Organisations have a pay bill less than £3m it will not have to pay the Levy
Payments are collected monthly by HM Revenue and Customs (HMRC) through Pay as You Earn (PAYE), alongside tax and National Insurance.