Filed under UpdateFriday, 12 August 2016
Today, the government has issued new guidance on the apprenticeship levy.
In it, they confirm that the 0.5 per cent levy (which will be collected directly by HMRC’s Real Time Information system on any company with a payroll above £3 million), will be rolled out from 2017 – but it is worth noting that the proposed start date is now May 2017.
The guidance confirms that employers in ALL sectors, including recruitment, will have to pay the levy.
Following significant pressure from the industry, including a letter to then Chancellor of the Exchequer George Osborne signed by the REC and several leading recruitment businesses in the UK, we have secured a roundtable with government advisors in September to discuss the specifics of the levy.
In the meantime, we will be reviewing the guidance in detail and responding to the government consultation issued today. We will send an update to all REC members on the essential information contained in the guidance and seeking further member feedback to inform our response and the meeting in September.
If you would like to receive more information about the Apprenticeship Levy, please contact our Head of Policy - Kate Shoesmith.