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The Apprenticeship Levy

The Apprenticeship Levy
 

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Employer Newsletter

Employer Newsletter Issue 1
 
 
 

Apprenticeship levy

What is the Apprenticeship levy?

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Announced by the Chancellor in last year's Autumn Statement, the Apprenticeship Levy is expected to raise £3bn annually to supplement Government apprenticeship funding.

Here’s the facts:

  • If your payroll bill is in excess of £3m, you will have to pay the Apprenticeship Levy
  • The levy applies to England only
  • It comes into effect in April 2017
  • The levy rate is 0.5% (gross) of your total annual pay bill and paid through PAYE
  • You will pay regardless of whether you train apprentices or not
  • The levy is set to raise £3bn annually for apprenticeship funding
  • Any money reclaimed will be in the form of an e-voucher. With this e-voucher, you’ll be able to buy Apprenticeship training from approved providers.

Are you ready for the Apprenticeship levy?

Apprenticeship levy update

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What can the Apprenticeship Levy be spent on?

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How the funding system will work

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New funding rules for small businesses non-levy paying businesses

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What new Apprenticeship Standards are available?

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For more information, get in touch with our Apprenticeship Team today.

Call 01384 363 808 or email apprenticeships@dudleycol.ac.uk.