THE APPRENTICESHIP LEVY EXPLAINED
The facts you need to get started
What is the Levy?
The Apprenticeship Levy is a payroll tax designed to fund three million new apprentices across the UK by 2020.
The Levy affects all organisations with a PAYE wage bill in excess of £3m. HMRC collects a fee equal to 0.5% of an organisation's payroll to go towards their Levy fund.
To help cut through the jargon, we have collated all the key Levy information in one place.
How do I recover my Levy?
Levy-funds will be deposited into your digital account, and you can spend those funds on training apprentices. Importantly, apprentices can be new recruits or existing members of staff.
There are different ways of maximising your fund, dependent on your industry. The Government are introducing new apprenticeship standards all of the time, and many programmes can be flexed to suit your staff. We can simplify the process and use our experience to help you and your staff succeed.
When it comes to smart deployment of Levy spend, it’s creative strategies that offer some of the quickest routes to productivity.
We'll make sure you have the pick of the training programmes, and ensure your choices are compliant and Levy-approved. Let Together Training do the leg work for you and have the reassurance of working with the most experienced staff from across two colleges.