Apprenticeship Levy

Apprenticeship Levy

From April 2017 al UK employers with a wage bill greater than £3 million will be subjected to an apprenticeship levy of 0.5% of total pay bill. This will be used to fund the training of Apprentices.

Partner and Head of Business Services

KPMG in the UK

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Apprenticeship Levy

Highlights 

  • From April 2017 all UK employers with large wage bills will be subjected to a levy of 0.5% to fund apprenticeships
  • Business Services employers need to understand what their financial contribution will be – and how to maximize the return on their levy
  • KPMG can help you to understand the funding on offer, and to develop an appropriate strategy to ensure the apprenticeship programme meets the needs of your organisation

 

From April 2017, all UK employers with a wage bill greater than £3 million will be subjected to an apprenticeship levy of 0.5% of total pay bill. This is to fund the training of Apprenticeships.

Employers will be required to pay the full levy regardless of whether they subsequently draw apprenticeship funds.

Business Services companies will need to understand what their financial contribution will be and, more importantly, how to go about maximizing return on their apprenticeship levy.

 

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