UPDATED: APPRENTICESHIP LEVY: HOW IT WILL WORK

UPDATE: How the Apprenticeship Levy will work, 18 March 2016
UPDATE: The Institute of Apprenticeships, 17 March 2016

Initial Announcement, 28 January 2016

Following the Government consultation, the Chancellor has announced the rate and scope on which the new Apprenticeship Levy, due to be introduced in 2017, will be collected.

The rate has been set at 0.5% of employer pay bill, will only affect employers with a pay bill in excess of £3m and will be collected via PAYE.

A new body will be established, independent of Government and supported by employers, to regulate the quality of apprenticeships within the context of achieving three million starts by 2020.

Further information and supporting documentation relating to the Apprenticeship Levy following the Government consultation and publication of Government response can be found below.

SUPPORTING DOCUMENTATION:
Updates on Apprenticeship Levy following Skills Reform
Apprenticeship Reforms Standard, 19 January 2016

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