The way the government funds apprenticeships in England is changing. Some employers will be required to contribute to a new apprenticeship levy, and there will be changes to the funding for apprenticeship training for all employers. The levy on employers is part of a broader programme of reforms and apprenticeship starts from April 2017.
The levy will impact businesses differently based on the size of the annual wage bill. Here are the top five things you need to know about the levy...
If your company has an annual wage bill of over £3 million each year you will pay the levy:
If your company has an annual wage bill of under £3 million each year you will not pay the levy: