what can apprenticeship levy funds be used for

It is paid at a rate of 0.5% of an employer's annual wage bill. Each month, these funds are added to the employer's digital apprenticeship account on the ... Jul 27, 2022 ... More than £3.3 billion has returned to the Treasury in the last three years under the Government's use-it-or-lose-it apprenticeship levy rules, ... Feb 5, 2023 ... UK apprenticeship levy is a £3.5bn mistake, say business leaders. Retailers, hospitality firms, tech industry and recruiters all say policy is holding back ... 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 ... Apr 18, 2017 ... For voluntary-aided schools, foundation schools and small multi-academy trusts (MATs) or single academy schools (with free and independent ... Levy transfer allows your business to save money, as transferred funds are used to pay for the training and assessment costs of your apprentices. To understand ... The Levy requires all employers operating in the UK, with a pay bill over £3 million each year, to invest in apprenticeships. How is the Levy calculated? The Levy has been set at 0.5% of the total annual 'pay bill' and this will exclude benefits in kind but it is expected to include ... We can now transfer up to 50% of our apprenticeship levy funds to local organisations to boost the use of apprenticeships within the city. The apprenticeship levy is a payroll tax on UK employers to fund new apprenticeships. The levy is set at 0.5% of your pay bill, paid monthly through PAYE.