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:

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