understanding the apprenticeship levy

what is the apprenticeship levy?

The Apprenticeship Levy is a charge paid by large employers in England to fund apprenticeship training and enhance workforce skills. It helps expand apprenticeship programmes for both new and existing employees. Smaller non-levy paying employers can also access these opportunities.

Levy Payment: Employers with a pay bill over £3 million pay 0.5% of their annual pay bill directly to HMRC.
Digital Account: HMRC credits levy employers through a digital account.
Funds Allocation: Employers have a 24 month rolling expiry to use these funds to pay for apprenticeship training and assessment costs.
Government Top-Up: Employers receive an additional 10% through their digital account.

Levy Payment: Employers with a pay bill over £3 million pay 0.5% of their annual pay bill directly to HMRC.
Digital Account: HMRC credits employers with a digital account.
Funds Allocation: Employers can use these funds to pay for apprenticeship training and assessment costs.
Government Top-Up: The government will top up the funds in your digital account by 10%.

Develop a Skilled Workforce: Recruit, train and retain high-quality talent.
Boost Productivity: Enhance employee skills and knowledge.
Future-Proof Your Business: Adapt to industry changes and technological advancements.
Government Incentives: Receive a £1,000 incentive when recruiting 16 to 18 year olds.

Develop a Skilled Workforce: Train and retain high-quality talent.
Boost Productivity: Enhance employee skills and knowledge.
Future-Proof Your Business: Adapt to industry changes and technological advancements.
Government Incentives: Take advantage of government incentives and funding.

Unspent Funds: Employers paying the Apprenticeship Levy can transfer up to 50% of their annual funds to support other businesses.
Flexibility: Transfers can be made to multiple employers from their apprenticeship account.
Eligibility: Any employer, whether they pay the levy or not, is eligible to receive a transfer.
Usage: Transfers can only be used for new apprenticeships, not those already underway.

Direct Training: Use funds to pay for apprenticeship training and assessment costs.
Transferring Funds: Transfer funds to other employers to train apprentices.
Levy Transfer Payments: Receive payments from other employers to train apprentices.

We specialise in helping businesses of all sizes, whether levy or non-levy payers, to build a skilled workforce. Our services include forecasting levy fund usage to avoid unspent balances, accessing additional funding for employee development, and facilitating levy fund transfers to other employers.

We’re here to support you every step of the way. Complete a few details on this link to explore how we can help you achieve your training and development goals.

We specialise in helping businesses of all sizes effectively utilise their levy funds to develop a skilled workforce. From tailored guidance to apprenticeship levy transfers, we’re here to support you every step of the way. Don’t let your levy go to waste – contact us today to discover how we can help you achieve your training goals.

Get in touch. Complete a few details on this link and we’ll get in touch.

further information and support

For more detailed information and to access support, please visit the following government website: Key facts you should know about the apprenticeship levy – GOV.UK

understanding the apprenticeship levy

how the levy works

how does the levy work?

how does the levy work?

apprenticeship levy benefits

benefits of the levy

benefits of the levy

apprenticeship levy transfers

how to use levy funds

how to use levy funds

how we can help

how we can help

how we can help