Are you thinking of taking on an Apprentice?
If yes, then as of April 6th 2017, companies with a salary bill over £3m must spend 0.5% of this amount on Apprenticeships.
You will report and pay your levy to HMRC through the PAYE process.
The levy will not affect the way you fund training for apprentices who started an apprenticeship programme before 1 May 2017. You’ll need to carry on funding training for these apprentices under the terms and conditions that were in place at the time the apprenticeship started.
For further information visit the Government Website which gives detailed information on how to implement this successfully within your business or if you would like some HR support please do not hesitate to contact us.