What is the Apprenticeship Levy?
The Apprenticeship Levy applies to UK employers paying £3million PAYE per annum, with the rate set at 0.5% of an employer’s PAYE bill. The levy forms part of a broader programme of Apprenticeship reforms that government introduced in May 2017. The levy is be paid to HM Revenue and Customs (HMRC) through the Pay as You Earn (PAYE) process. The Digital Apprenticeship System is now open for employers to login and access the portal to select providers and Apprenticeships from the 1st of May 2017.
Apprenticeships are good for business and a great way of developing the skills of the workforce both now and in the future and the aim of the levy is to encourage more businesses to engage with Apprenticeships which can be used to support new Apprentice’s joining their business or as a way of upskilling the existing workforce.
Now that you’re paying the levy you will want to achieve the best possible return on this investment. As a successful training provider, we understand your need to work with a partner who has a passion for Apprenticeships, establishes a strong cultural fit and tailors the training to meet your organisation’s needs.
Apprentice Team Ltd are working in partnership with an extensive network of high quality skills providers, and as a result we are able to establish the most cost effective solutions for our individuals. We have over 8 years’ experience within the industry and offer a quality service to suit all business needs. We provide impartial guidance and support to navigate the system and complete a comprehensive Organisation Needs Analysis. Apprentice Team Ltd can also assist your business to recruit a new Apprentice aged 16-18 with our free recruitment service. Apprentices are a great way to expand the business and at present there is a grant of £1,000 for eligible employers to recruit an Apprentice aged 16-18.
You can use the funds in your Apprenticeship service account, and funding provided by the government through co-investment, towards the costs of Apprenticeship training and end point assessment. Apprentice Team Ltd are an approved training provider and approved assessment organisation with excellent success rates and client testimonies, as we work with several existing levy paying employers nationally.
The funding can be used to train both newly recruited apprentices and existing staff, and there are a variety of Apprenticeships relevant to each job role. There are no age restrictions so you can use the funds to train an Apprentice of any age. The deadline is fast approaching where Apprenticeship Levy paying employers will start to see funds diminish from their Apprenticeship service accounts upon the arrival of the 24 month period from the Levy being introduced in May 2017.
Further information on how the levy works can be found on the link below:
For further advice and guidance, please call one of our advisors today on 01246 278931.