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Apprenticeship levy on payroll

 

The levy is charged at a rate of 0. IMPORTANT: This figure should not be deleted or edited unless you have more than one PAYE scheme or are connected to other companies or charities and need to split your allowance between these schemes, as this will result in an incorrect calculation of the Apprenticeship levy for that employer.

The Apprenticeship levy is charged at 0. In such cases there is nothing that the employer needs to do with regards to either paying or reporting the levy for that month. If the calculated Apprenticeship levy exceeds the allowance for the year-to-date then the employer must pay the levy and report these amounts via an Employer Payment Summary EPS in the relevant month s. Payroll Manager will schedule the EPS automatically.

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Apprenticeship levy on payroll.What is the apprenticeship levy?

 

Subtract this figure from 0. Add up your monthly levy allowances for the year to date. Subtract your levy allowance for the year to date from 0. Find out more here: Pay Apprenticeship Levy. You can use these funds to upskill your team members through apprenticeships and training, recruit brand new apprentices, and use the funding to pay for End Point Assessments, the final stage that are conducted by independent organisations.

The levy can be spent on a number of elements related to apprenticeships excluding travel costs, management costs, required licenses, wages or the cost of setting up the apprenticeship. Read our full guide — How to Spend your Apprenticeship Levy.

Employers that meet this criterion are now required to pay 0. This levy can then be reinvested back into their workforce in the form of Apprenticeship training. Since then, the entire apprenticeship landscape has changed, with new workforce development programmes being created by employer groups known as Trailblazers.

The new apprenticeship standards are being developed from level 2 up to Level 7, which is the equivalent to a Masters degree. This is an exciting time for Apprenticeships and these radical changes will help to significantly raise the profile of Apprenticeships, develop the UK workforce, increase productivity and drive growth of the UK economy.

The Apprentice Academy have a dedicated team focused on helping organisations to understand and make the best use of the apprenticeship funding available to them. For information on programmes due to start over the next couple of months please visit our timetables page. Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously. The cookie is used to store the user consent for the cookies in the category "Analytics".

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Furthermore, the Levy only applies to businesses who pay employees via PAYE, such as umbrella companies. So, sole traders and limited company directors who pay themselves via shares and company dividends do NOT have to pay the Apprenticeship Levy. Or, for a more technical breakdown of the Levy - including who pays it and how - click here.

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By submitting your request, you are agreeing to our privacy policy. The Apprenticeship Levy Explained All you need to know about the Apprenticeship Levy and its impact on contractors, agencies, and umbrella companies.

Contents What is the Apprenticeship Levy? Who pays the Apprenticeship Levy? How does the Apprenticeship Levy work? How do I pay the Apprenticeship Levy? What is the Apprenticeship Levy allowance? How does the Apprenticeship Levy allowance affect which companies pay the Levy? Does the Apprenticeship Levy apply to recruitment agencies? Discover more Get in touch What is the Apprenticeship Levy?