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Apprenticeships levy

Updated NOVEMBER 2016

This briefing sets out what is known about the detail of the levy, as well as the important questions that have yet to be answered. UPDATED NOVEMBER 2016

*** PLEASE NOTE: THIS BRIEFNG HAS BEEN UPDATED FOLLOWING PUBLICATION OF LATEST GOVERNMENT GUIDANCE***

Following the 2015 General Election the government announced a significant change in the its policy towards apprenticeships. From April 2017, all firms in the UK will be subject to a compulsory apprenticeship levy. This will equate to 0.5% of a firm's pay bill - though every employer will receive a £15k allowance against the levy. In practice this means that the levy will only be paid on a pay bill of over £3 million. The money raised will pay for apprenticeships in England (only) and the government hopes it will encourage more employers to offer apprenticeship opportunities. This short briefing sets out the details of the levy. 

Apprenticeship levy

The November 2016 update follows the confirmation of government proposals on apprenticeship funding. New content covers:

  • how long firms will have to spend levy money; and 
  • conracting with the Skills Funding Agency.

 

Pdf icon small    View the Apprenticeship levy briefing »

 

Related articles:

Apprenticeships: The CII's guide to getting started

CII Skills Survey 2015

CII report: Bridging the gap. Student attitudes towards careers and insurance

 

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