The apprenticeship levy is a form of taxation designed to help companies offer more apprenticeships. It was originally introduced in April 2017 to benefit businesses by boosting essential training and developing apprenticeship programs It is known as the levy.
The apprenticeship levy can be incredibly beneficial to businesses, boosting essential training and developing apprenticeship programs as well as increasing employee engagement.
The government apprenticeship levy is a tax paid by employers:
- It applies to those with a payroll of more than £3 million
- It is used to fund apprenticeship training.
- The levy is charged at 0.5% of an employer’s total payroll
- It is collected monthly through PAYE.
Lifetime Training is an award-winning apprenticeship training provider with the expertise to help you make the most out of your apprenticeship levy. Whether you’re a levy paying employer or a small business exploring your options, Lifetime Training will work with you to understand apprenticeship funding and maximise your return on investment.