December 15, 2016
Paying the Apprenticeship Levy
HMRC has published guidance on paying the new Apprenticeship Levy. The new levy comes into effect from 6 April 2017 at a rate of 0.5% of the employer`s `pay bill`. To exclude smaller employers, a £15,000 annual allowance can be claimed. This will mean that only employers with a pay bill in excess of £3 million will contribute to the levy.