Menu

Apprenticeships and the new levy

As part of the Autumn statement, the Chancellor announced a number of apprenticeship reforms that are aimed at ensuring the sustainability of quality apprenticeships. The precise detail is still in consultation, but we do know that there will be a new apprenticeship levy of 0.5% on company payrolls to raise £3bn a year to help fund the targeted three million apprenticeships.

Will the levy affect your business? Here’s our lowdown…

More information is available on the Department for Business Innovation & Skills website: https://www.gov.uk/government/publications/apprenticeship-levy-how-it-will-work/apprenticeship-levy-how-it-will-work

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to News