apprenticeship levy

In 2015 the Chancellor announced a major reshuffle in how the government would be funding apprenticeships.

At the time he proposed a levy system without much detail and it has slowly been taking shape over the past year. We now know that the levy will be applicable to all firms, but there will be a relief for firms with a payroll of less than £3,000,000 per year. It will be applicable to all firms across the UK at a rate of 0.5%.