Apprenticeship LevyFind out more about the Apprenticeship Levy and if it affects you
The way Apprenticeships are funded changed in April 2017. The government introduced an additional tax known as the Apprenticeship Levy that affects businesses with a wage bill of £3 million or more to help fund Apprenticeships.
The Levy came into effect in the spring of 2017 as a way for UK employers to fund new apprenticeships. It affects employers in all sectors, however it will only be paid on annual paybills in excess of £3 million, at a rate of 0.5% of an employer’s wage bill. This means that less than 2% of UK employers will pay it. Each Levy-paying employer is given a £15,000 allowance to offset their Levy payment. So far we have helped lots of big brands establish their Levy initiative.