Apprenticeships

The Apprenticeship Levy is a tax that is collected by HMRC on a monthly basis through the PAYE system. Every company that has a wage bill of more than £3million per annum is taxed 0.5% of their wage bill minus a £15,000 allowance. This tax goes into a Digital Apprenticeship Service (DAS) account which the employer uses to upskill new or existing members of staff. If it is not used within 24 months, it is lost.

If the business has less than a £3million wage bill then it does not pay the levy, however the scheme can still be used to train their staff by contributing anywhere between 0% and 10% of the cost depending on a variety of circumstances.

The employer must use an approved training organisation like e-Careers to deliver the training.

The objective of the Apprenticeship Levy is to encourage UK organisations to upskill their workforce and drive growth in the economy.

Speak to us to understand exactly how the apprenticeship levy can be utilised by your business and how we can customise the programme to meet your objectives.