The Apprenticeship Levy
From April 2017, all UK employers with a wage bill greater than £3 million are subjected to an apprenticeship levy of 0.5% of total pay bill. This is to fund the training of Apprenticeships. Employers are required to pay the full levy regardless of whether they subsequently draw apprenticeship funds. Business Services companies need to understand what their financial contribution is and, more importantly, how to go about maximizing return on their apprenticeship levy. Read the full article by KMPG to understand the process and necessary steps.
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