Invest In Your Workforce
The Apprenticeship Levy came into effect on 5th April 2017, and it has totally transformed the way that apprenticeships in England are funded. The apprenticeship levy requires all employers operating in the UK with a pay bill of over £3 million each year to make an investment towards apprenticeships. If you are an employer, in any sector with a pay bill of more than £3 million each year you will be charged a levy at a rate of 0.5% of your annual pay bill. You will pay the apprenticeship levy through the PAYE process and will be able to use the funds you contribute for apprenticeships within your organisation.