Funding

Are you Ready for the Levy!

  • https://www.gov.uk/government/publications/apprenticeship-levy-how-it-will-work/apprenticeship-levy-how-it-will-work

    Pay the apprenticeship levy

    If you’re an employer with a pay bill over £3 million each year, you must pay the apprenticeship levy from 6 April 2017. Read guidance on how to pay the apprenticeship levy.

    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.

     

     

    Register to use the service

    If you are a levy-paying employer, you can now create an account on the apprenticeship service to:

    • receive levy funds for you to spend on apprenticeships
    • manage your apprentices
    • pay your training provider
    • stop or pause payments to your training provider
    • If you’re not a levy-paying employer, you won’t be able to register for an apprenticeship service account until at least 2018.

Top-ups and expiry of funds

The government will automatically add 10% to the funds in your apprenticeship service account. We will apply this 10% top-up monthly, at the same time the funds enter your account.

Funds that you don’t use will expire 24 months after they enter your account. Whenever a payment for training is taken from your account, the service always uses the funds that entered your account first. Your apprenticeship service account will let you know when funds are due to expire.

Support with apprenticeship costs

Non-levy paying employers will share the cost of training and assessing their apprentices with government – this is called ‘co-investment’.

From May 2017, you will pay 10% towards to the cost of apprenticeship training and government will pay the rest (90%), up to the funding band maximum.

Get in touch with us for Specific advice:

Should you have any questions on the way that FREE-funded training is delivered, or need to speak to Anthea Bradburne for some advice please call Anthea on 01244 344 322

Please feel free to email us at: antheab@richmondtraining.org

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