by BFFF
Feb 24th, 2016
2 mins
BFFF

Roythornes employment law e-briefing 181
Apprenticeship Levy

The Government has published draft legislation on the Apprenticeship Levy, which will be introduced from April 2017.

The draft legislation confirms that from April 2017, employers with an annual wage bill of more than £3m will have to pay a levy of 0.5% of payroll to fund apprenticeships. It will be payable through PAYE alongside income tax and National Insurance.

To offset the payment of the levy, employers will receive a £15,000 allowance, which will be paid in vouchers. Employers who operate a number of payrolls will only be able to claim one allowance.

The Government aim to use £3bn raised to boost both the quality and quantity of apprenticeships. They aim to create an additional 3 million by 2020.

The lack of a skilled workforce is a growing problem for the UK, particularly in some sectors and whilst the measures will cause some additional costs for larger employers, most employers would find their aims hard to disagree with.

The draft legislation and explanatory notes can be found here: https://www.gov.uk/government/publications/apprenticeship-levy

Roythornes employment law team
Phil Cookson 01775 842575
Peter Bennett 01775 842567
Maz Dannourah 01775 842597

Webinars

May 20th, 2021
1 min

KANTAR - THAWING OF LOCKDOWN RESTRICTIONS

Mar 18th, 2021
1 min

EXPORT HEALTH CERTIFICATES WEBINAR RECORDING

Feb 18th, 2021
9 mins

THE OUTLOOK FOR UK RETAIL WEBINAR WEDNESDAY

Jan 26th, 2021
1 min

The Economic Update - Roger Martin-Fagg Webinar Recording

Dec 3rd, 2020
1 min

BREXIT AND BEYOND: THE UK POINTS BASED IMMIGRATION SYSTEM

Nov 19th, 2020
1 min

Take Home Grocery Under Lockdown

Oct 23rd, 2020
1 min

Mental Health and Wellbeing Webinar