From May 2017 the Apprenticeship Levy will be payable by companies whose gross salary bill is greater than £3 million.
These employers will pay 0.5% of the salary bill over the £3 million threshold into the Apprenticeship Levy, which can then be used to pay for apprenticeship training. For example, a business with a gross salary bill of £10,000,000, would pay £35,000 per year into the levy.
This is a great chance to reinvest in the business, because if you don’t use it, you lose it.
How we can help
We offer a bespoke service to businesses, helping with the planning of the levy budget and providing the necessary training.