Apprenticeship Levy - FAQs

  • 04/04/2017
  • 16:00
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  • Adecco Group

In a bid to fund new apprenticeships, the Apprenticeship Levy will come into effect on April 6 2017, with payments due to start in May 2017. The levy is set at 0.5% of a business’s total wage bill, minus a £15,000 allowance,  and will apply to all companies in the UK with a wage bill of £3 million or more. It is estimated that 2% of UK employers will become contributors to this new levy.

In addition to the amount paid by the employer, the Government will apply a 10% top-up on funds, meaning that for every £1 paid in, the employer gets £1.10 to spend.

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