What can Levy funds be spent on?
Levy funds can only be used towards the cost of apprenticeship training and End-Point Assessment with an approved training provider. It can't be used towards an apprentice's wages or wider training programme.
How can my organisation spend them?
Levy funds collected by HMRC are found in your Digital Apprenticeship Service (DAS) account. Employers can direct the funds held in these accounts to approved training providers, like Kaplan, to pay for their apprenticeship training
Levy funds expire after 24 months, and return to the government, so it’s important to spend them on apprenticeship training sooner rather than later.
What happens if the cost of training isn’t covered by Levy funds?
If you don't pay the Levy, or your funds don't cover the full cost of the apprenticeship, you pay 5% of the training costs, and the government will cover the remaining 95%.