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The government proposes to apply the Levy to large employers across all industries, throughout the country. The Apprenticeship Levy is being introduced as part of the government’s plan to help fund 3 million new apprenticeship starts by 2020.
The Levy Payment
The levy will be applied to all industries in the UK and will first come into effect in April 2017 at a rate of 0.5% of an employer’s wage bill and will be paid through PAYE. Each employer will receive an allowance of £15,000 to offset against their levy payment. The levy payment will only be paid by employers who have an annual payroll of more than £3 million, which represents only 2% of UK employers.
Digital Vouchers
Employers who pay the Apprenticeship Levy and provide apprenticeships will be able to draw down their levy pot contributions as digital vouchers to use to train their apprentices. This voucher system only applies for employers in England. Employers will be allowed to spend their digital vouchers within a period of 24 months. All employers will also receive a 10% ‘top-up’ payment.
If you would like to make an enquiry please complete the contact form below
Bristol Centre - 01454 614203
Exeter Centre - 01392 829100
Newton Abbot Centre - 01626 832374
Plymouth Centre - 01752 348980
Redruth Centre - 01209 311001
Or contact us via email on: - enquiries@thefocustraininggroup.com
ESFA Service Desk Contact Information: - Telephone: 0370 2670001 Email: SDE.servicedesk@education.gov.uk
