The Apprenticeship Levy

4 Months and Counting...

As part of their drive to train 3 million new apprentices by 2020, in the 2015 Summer Budget the Government announced plans to introduce a tax on big businesses.

From April next year, the levy will make employers invest in apprenticeships, with the size of the investment dependent on the size of the business. It will be paid by employers in England with a payroll of more than £3m and charged at a rate of 0.5% of their annual pay bill.

The government has also said employers that are too small to pay it – around 98% of those in England – will have 90% of the costs of training paid for by the state. Extra support will also be available for employers and training providers who take on 16 to 18-year-old apprentices or young care leavers.