From learning about the levy, to finding the perfect apprentice for your business, we’ll help you every step of the way.
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The levy is a type of tax paid by all UK businesses that have a payroll bill of over £3 million annually. Every month you’ll need to pay 0.5% of the payroll which then goes into a levy account. You can use the funds accumulated to invest in training an apprentice to support your business. Make sure you spend it within two years, otherwise you’ll lose it as a tax.
Don’t worry if you’ve used up your funds, the government will still pay 90% of the remaining costs, so you’ll only have to cover 10% of training. If your business doesn’t pay the levy, the government will also cover 90% of the training costs.
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Are you ready to use your levy funds to train an apprentice?
We’ve written a step by step guide to how to set up your TAS account.
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So now you’re looking to train an apprentice and access your levy. If you choose us as your training provider, we offer a free recruitment service. Our experienced team will search for the perfect apprentice to suit your business.
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Get in touch and we’ll tell you more about apprenticeships, what we can do for your business, and how to start the process of taking on an apprentice.
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