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APPRENTICESHIPS

WHAT'S INVOLVED?

The Apprenticeship Levy

The apprenticeship levy is a form of taxation designed to help companies offer more apprenticeships. It was originally introduced in April 2017 to benefit businesses by boosting essential training and developing apprenticeship programs It is known as the levy.

The government apprenticeship levy is a tax paid by employers:

  • It applies to those with a payroll of more than £3 million
  • It is used to fund apprenticeship training
  • The levy is charged at 0.5% of an employer’s total payroll
  • It is collected monthly through PAYE

Levy contributions appear in a digital account which can be used by the employer to arrange and pay for apprenticeship training.

Non Levy Employers

Companies with a payroll of less than £3 million do not pay the apprenticeship levy. Instead, non-levied companies can opt to part-fund an apprenticeship programme through the process of ‘co-investment’.

  • The co-investment option sees employers pay 5% of apprenticeship course costs, with the government contributing the remaining 95%. This means that non-levied companies have the option to access an apprenticeship programme by paying 5% of the cost.
  • If a levy-paying company runs out of funding in their account, the co-investment option is available for them too.
  • If the employer has fewer than 50 employees, the government will pay 100% of the apprenticeship training costs up to the funding bands for apprentices aged; 16-18 or 19-24 with an education, health and care plan provided by their local authority or has been in the care of their local authority.

APPRENTICESHIPS

WHAT'S INVOLVED?

The Apprenticeship Levy

The apprenticeship levy is a form of taxation designed to help companies offer more apprenticeships. It was originally introduced in April 2017 to benefit businesses by boosting essential training and developing apprenticeship programs It is known as the levy.

The government apprenticeship levy is a tax paid by employers:

  • It applies to those with a payroll of more than £3 million
  • It is used to fund apprenticeship training
  • The levy is charged at 0.5% of an employer’s total payroll
  • It is collected monthly through PAYE

Levy contributions appear in a digital account which can be used by the employer to arrange and pay for apprenticeship training.

NON LEVY EMPLOYERS

Companies with a payroll of less than £3 million do not pay the apprenticeship levy. Instead, non-levied companies can opt to part-fund an apprenticeship programme through the process of ‘co-investment’.

  • The co-investment option sees employers pay 5% of apprenticeship course costs, with the government contributing the remaining 95%. This means that non-levied companies have the option to access an apprenticeship programme by paying 5% of the cost.
  • If a levy-paying company runs out of funding in their account, the co-investment option is available for them too.
  • If the employer has fewer than 50 employees, the government will pay 100% of the apprenticeship training costs up to the funding bands for apprentices aged; 16-18 or 19-24 with an education, health and care plan provided by their local authority or has been in the care of their local authority.

APPRENTICESHIPS

WHAT'S INVOLVED?

The Apprenticeship Levy

The apprenticeship levy is a form of taxation designed to help companies offer more apprenticeships. It was originally introduced in April 2017 to benefit businesses by boosting essential training and developing apprenticeship programs It is known as the levy.

The government apprenticeship levy is a tax paid by employers:

  • It applies to those with a payroll of more than £3 million
  • It is used to fund apprenticeship training
  • The levy is charged at 0.5% of an employer’s total payroll
  • It is collected monthly through PAYE

Levy contributions appear in a digital account which can be used by the employer to arrange and pay for apprenticeship training.

Non Levy Employers

Companies with a payroll of less than £3 million do not pay the apprenticeship levy. Instead, non-levied companies can opt to part-fund an apprenticeship programme through the process of ‘co-investment’.

  • The co-investment option sees employers pay 5% of apprenticeship course costs, with the government contributing the remaining 95%. This means that non-levied companies have the option to access an apprenticeship programme by paying 5% of the cost.
  • If a levy-paying company runs out of funding in their account, the co-investment option is available for them too.
  • If the employer has fewer than 50 employees, the government will pay 100% of the apprenticeship training costs up to the funding bands for apprentices aged; 16-18 or 19-24 with an education, health and care plan provided by their local authority or has been in the care of their local authority.