Apprenticeship levy on payroll. What is the apprenticeship levy and how is it calculated?

September 15, 2022by admin0

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The Apprenticeship Levy Explained | The Apprentice Academy.

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Я читал электронную почту Танкадо уже в течение двух месяцев. – Прости. А не альфа-группы.

 
 

 

Payroll administrator / Institute for Apprenticeships and Technical Education.What is the apprenticeship levy? | Lifetime Training

 

Mostly because the clients I work with are not going to be subject to it. Here goes…. The Apprenticeship Levy was introduced in April , as a way of funding new apprenticeships. This also includes payment to employees earning below the national insurance threshold, employees under the age of 21 and apprentices already employed. Connected companies or charities that share a PAYE reference for the purpose of Employers Allowance will be considered as connected for Apprenticeship Levy and the pay bill will be made up of all payments across those connected businesses or charities.

The levy is calculated at a rate of 0. This is intended to offset the Apprenticeship Levy payment, and can be used to fund recognised and approved apprenticeship training. Each employer that pays Apprenticeship Levy has to set up an account on the apprenticeship service to enable them to receive the funds to spend on apprenticeships, manage apprentices, and make, stop or pause payments to training providers.

My definition of an apprenticeship is a period of time where a skillset in a specific industry is taught, and the apprentice over time becomes a skilled and experienced craftsperson. An article in the Telegraph in April this year beings with similar views. I goes on to say that the process of administering and using the scheme is too complex, and there is a huge difference between the payments made via the levy, and the money drawn down for funding apprenticeship schemes.

The article goes on to talk about lack of access to the funding, and the lack of availability of training. Fortunately for the small business owner, they are not required to pay the levy or fight their way through the scheme, however if you need help with the Apprenticeship Levy Scheme, more information can be found on the Gov. UK website by following the link below:. Payroll, even without the apprenticeship levy can be difficult to navigate, and Payrollability are here to help and support you from the outset.

You can call the office today for a no-obligation chat about anything payroll or auto-enrolment pension related on 92 90 This survival guide will help you along the way. A 53 Week Payroll Year. Name required. Company Name required. Email required. Phone Number required.

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