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The Apprenticeship Levy – Your choices, our support

 

 


About the Levy

This page has been designed to help you understand all you need to know about the Apprenticeship Levy, how it will affect your business and how to ensure that your employees have the right skill sets to benefit your business.

The Apprenticeship Levy has been designed to encourage employers to use apprenticeship programmes for new staff or to upskill an existing workforce, and help reduce the skills gap within the UK.

Apprenticeships are a proven way of delivering real benefits to both businesses and learners. They give you access to new and talented employees and are a great way to meet your skill requirements.

Below is a brief overview of what the Apprenticeship Levy looks like:


What about you?

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The levy will impact businesses of all sizes but will have a bigger impact if you have a wage bill over £3m. This is based on the total amount of earnings subject to Class 1 secondary employers NIC.

Each employer will have an allowance of £15,000 to offset against their levy payment and the levy will be deducted on a monthly basis, where your pay bill is over £250,000.

Calculate roughly how much your annual levy bill will be for your business by using our levy
calculator: Evolve-Learning-Group-Levy-Calculator

We are also more than happy to offer advice on how the levy will impact you – contact 020 7565 1333 or employers@evolvelearninggroup.co.uk

 


Examples of what you might pay:

Employer A (Levy Payer)

  • Employer A has 250 employees, who each earn £20,000
  • The employer will have a pay bill of £5,000,000
  • The government will take 0.5% of £5,000,000 totalling £25,000
  • The employer receives a £15,000 allowance to offset against the levy
  • The total annual levy payment would be £10,000

Employer B (Non-Levy Payer)

  • Employer B has 100 employees, who each earn £20,000
  • The employer will have a pay bill of £2,000,000
  • The government will take 0.5% of £2,000,000 totalling £10,000
  • The employer receives a £15,000 allowance to offset against the levy
  • The total annual levy payment would be £0

What next?

Click one of the relevant options below to take you further:


If you’d like to book to an appointment with one of our experts straight away, don’t hesitate to call or email us on:
020 7565 1333 or employers@evolvelearninggroup.co.uk