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EMPLOYERS GUIDE TO THE APPRENTICESHIP LEVY
WHAT IS THE APPRENTICESHIP LEVY? From April 2017 all employers with an annual payroll of £3 million, or over, will have to pay the Apprenticeship Levy at a rate of 0.5% of their payroll bill (less an initial £15,000 allowance). The Levy will be reported and paid through the existing HMRC PAYE process. Levy payments will be held in a digital account which you will able to use for approved apprenticeship training.
Non-levy paying companies will still have access to government funding for apprenticeships.
You can find more information on the Government website.
STEPS YOU NEED TO TAKE NOW • Register to manage your digital account now! www.gov.uk/guidance/ manage-apprenticeship-funds
• Consider where apprentices could fit into your business and add value. Are there areas in the business that would benefit from a fresh perspective an apprentice could bring? You can recruit new apprentices or upskills existing staff. Would line managers like to nominate existing employees for additional training?
• Research training providers at findapprenticeshiptraining.sfa. bis.gov.uk
Remember to negotiate best value for your business with your training provider.
NON-LEVY PAYING EMPLOYERSYou will still be able to access apprenticeship funding but from 1 May 2017 there will be some changes giving you more control over designing, choosing and paying for apprenticeship training.
Non-levy paying employers will have 90% of their training and assessment costs paid for by Government. A 10% contribution will be made by employers to the cost, paid directly to the training provider. This cost will be spread over the lifetime of the apprenticeship.
FUNDING
100% of training and assessment costs will be covered for small businesses of under 50 employees.
Employers recruiting apprentices aged 16-18 (or 19-24 if an education, health and care plan is in place) receive a £1,000 incentive paid via your training provider.
In 2015/16, businesses in Braintree District recruited 1,340 apprentices in their workplace - what’s stopping you from doing the same?
They can enhance your workforce, increase productivity and introduce a fresh perspective to your business.
HAVE MORE QUESTIONS?? @BraintreeDC [email protected]
TOP TIPS • Negotiate with your training provider, make sure you get value for money and the training meets your needs • Think of an apprenticeship as a long term investment to get the most out of it• Consider which area of your business would benefit from an apprentice• Upskill existing staff through apprenticeships, this will help retain and invest in your workforce• A new apprentice can add a fresh perspective to the way things are done
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