Some questions for you:

  • Do you know what your salary bill is?
  • Have you heard about the new Apprenticeship Levy?
  • Do you know whether you will be paying it?

If you can’t answer all these questions then here are a few clues to help you out.

Now, obviously I do not know what your individual company salary/wage bill is but you should go find out. If for instance you are over £3m, then are what is classified as a levy payer. Here are a couple of useful links from the gov.uk website.

https://www.gov.uk/government/publications/apprenticeship-levy-how-it-will-work/apprenticeship-levy-how-it-will-work#buying-apprenticeship-training-and-assessment
Some examples from our website http://realise.me.uk/our-services/ 
Employer of 250 UK based employees, each with a gross salary of £20,000
  • Wage bill: 250 x £20,000 = £5,000,000
  • Levy Sum: 0.5% x £5,000,000 = £25,000
  • Allowance: £25,000 – £15,000 = £10,000 this is what you will pay as an annual Levy Payment

150 UK based employees

  • Wage bill: 150 x £20,000 – £3,000,000
  • Levy Sum: 0.5% x £3,000,000 = £15,000
  • Allowance: £15,000 – £15,000 = £0 this is what you will pay as an annual Levy Payment

100 UK Based employees

  • Wage bill: 100 x £20,000 – £2,000,000
  • Levy Sum: 0.5% x £2,000,000 = £10,000
  • Allowance: £10,000 – £15,000 = £0 this is what you will pay as an annual Levy Payment