The Apprenticeship Levy
In order to pay the Apprenticeship Levy, businesses must have a salary bill of £3 million or more. However, not enough businesses are taking advantage of it. Apprenticeship Levy can benefit all types of businesses. Investing in new talent can completely transform your workforce.
You have two years left to take advantage of 0.5% levy funds if you're a big business. Rather than handing over thousands of dollars to HMRC, why not invest this money in hiring a new or up-skilled employee?
As a non-levy payer, employers share the cost of the Apprenticeship Programme and End Point Assessment with the Government – this is called Co-Investment. As of April 2019, the Government funds 95% and the employer 5%