A new Apprenticeship Levy is due to come into effect in April 2017.
The levy will be payable by all employers with an annual payroll of £3m or more, whether or not they employ apprentices. There will be no exemptions for charities, independent schools and other not for profit employers.
It is intended it will be collected via the PAYE system at a rate of 0.5% of payroll costs, with an annual allowance of £15,000.
We have developed a fact sheet providing further detail on the Apprenticeship Levy for your convenience.
For further information on any of the above details, please contact your usual haysmacintyre contact or a member of the Employment Taxes team.
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