The Levy comes from legislation introduced April 2017 aimed at reducing the cost implications of apprenticeship training from Government. The levy is an added cost implication to our business and it has always been our Policy that all our operations are cost effective, transparent and fair. We will therefore account for the cost of the apprenticeship levy from company receipts and it will be itemised appropriately in the Company Receipts/Company Costs section of the weekly summaries we issue.
The levy is set at just 0.50% of all payable earnings that are subject to National Insurance.