what are the costs of employing apprentices

When an apprentice is enrolled, the levy fee is spread across the duration of the apprenticeship. 20% is held back to the end as a completion payment. We can now transfer up to 50% of our apprenticeship levy funds to local organisations to boost the use of apprenticeships within the city. In particular, the UK government has introduced an Apprenticeship Levy to help fund apprenticeship starts for large employers. Since April 2017, all employers ... The Apprenticeship Levy is a levy on UK employers to fund apprenticeships and is charged at a rate of 0.5% for companies with a wage bill of £3 million or more. Aug 30, 2022 ... It would highlight sectors that need extra government support. It would unambiguously reveal skills cold spots in areas of the country. And it ... Apr 18, 2017 ... For voluntary-aided schools, foundation schools and small multi-academy trusts (MATs) or single academy schools (with free and independent ... Apr 15, 2024 ... The levy is reported and paid through the PAYE process. The funds paid into the apprenticeship levy can then be used by the organisation and ... All businesses operating within the UK with a wage bill of over £3million are required to contribute to the apprenticeship levy. The apprenticeship levy is payable every month and is calculated as 0.5% of your annual pay bill. It is collected automatically by HMRC. Jun 4, 2018 ... Hi @Lindsey Braniff​ The apprentice levy can be found on the P32. This will show how much the system has calculated and the accounts team can ...