The Apprenticeship Levy: What you need to know | Training Journal.How to handle the apprenticeship levy

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Apprenticeship levy payroll journal - apprenticeship levy payroll journal.The Apprenticeship Levy: Why does it matter?

 

Vanessa Kingsbury and Tony Allen explain how your business can benefit. An apprenticeship levy will be introduced in April , despite concerns from retailers about the financial impact it could have on their businesses. Vanessa Kingsbury, managing director of Buttercups Training, and Tony Allen, chief executive of apprenticeship and skills consultants at AAS Ltd, outline how the pharmacy sector can see this levy as an opportunity.

The apprenticeship levy represents a new way of funding apprenticeship training in the UK and marks a major departure from the existing system. Currently, employers contribute towards the costs of training programmes directly to their chosen training provider. The contribution made by the government is related to the size of the employer — it contributes less for employers with more than 1, employees and so these employers are charged a higher fee towards training.

With some exceptions, funding is currently only readily available for the two pharmacy apprenticeship frameworks at level 2 and 3. This is the Level 2 Certificate in Pharmacy Service Skills dispensing assistant training and the Level 3 Diploma in Pharmacy Service Skills preregistration pharmacy technician training. The levy has been set at 0. Across the rest of the UK, skills policy is devolved, and so Wales, Scotland and Northern Ireland will receive a share of the expected apprenticeship levy, which will be adjusted to actual levy revenues when the data are available.

Devolved administrations will decide how the cash will be allocated, assuming they do not reject the deal. We use cookies to collect information about how you use this service. We use this information to make the service work as well as possible and improve this service. You've accepted all cookies. You can change your cookie settings at any time.

Setting up and operating the payroll within the organisation in which they are employed or on behalf of another organisation.

Full information on Payroll administrator level 3 is available from the Institute for Apprenticeships and Technical Education. Posted in Payroll. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits.

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Apprenticeship levy payroll journal - apprenticeship levy payroll journal.The Apprenticeship Levy: What you need to know

 

The apprenticeship levy is payable by certain employers from 6 April The levy is charged at a rate of 0. Apprenticdship pay the levy via the PAYE system. Employers who pay the levy can access funding for apprenticeships through a digital смотрите подробнее. This fund is operational from 1 Payrll Home Analysis How to handle the apprenticeship levy.

How to handle the apprenticeship levy. Speed read. An expert guide by Tolley Guidance. The apprenticeship levy was introduced in Finance Act and applies as from 6 April The rate of levy is 0.

Aprenticeship means that, in effect, it applies only to employers who have an annual If you are not a subscriber, subscribe now to read this content. Subscribe now. If you are already a subscriber, sign in. Alternatively, you can register free joournal charge to read a limited amount of subscriber content per month.

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We use this information to make the service work as well as possible and improve this service. You've accepted all cookies. You can change your cookie settings at any time. Setting up and operating the payroll within the organisation in which they are employed or on behalf of another organisation. Full information on Payroll administrator level 3 is available from the Institute for Apprenticeships and Technical Education.

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Many young people use the opportunity of an apprenticeship to kickstart their career and land their feet in an industry that they are passionate about and talented in. You can view further information around the benefits of hiring an apprentice here. Our friendly team of experts are always on hand to offer support and guidance when it comes down to demonstrating full compliance of apprenticeship schemes.

Simply get in touch using our contact form below:. For additional support and advice on apprenticeship levy benefits for employers, you can visit the Training Journal or Real Business website. Click here to view more around our commitment to investing into our people. To receive the latest and greatest from the payroll world straight to your inbox, you can sign up to our monthly newsletter here:. Sign up. Apprenticeship Levy. What is the apprenticeship levy?

Who needs to pay the Apprenticeship Levy? What can the levy contribute towards? Unfortunately, it is not eligible to be used towards Wages Statutory licenses to practice Travel and subsidiary costs Managerial costs Traineeships Work placement programmes The costs of setting up an apprenticeship programme.

Benefits for employers Although the process of hiring an apprentice can sometimes feel lengthy, the benefits that come from introducing a new member of the team, who is eager to learn and has fresh perspectives and ideas for your business, is invaluable.

Upskilling your current workforce Apprenticeship schemes offer the perfect opportunity for businesses to invest in upskilling existing staff through a variety of advanced skilled training courses. Holding onto talent In addition to helping your team gain further skills, hiring an apprentice into businesses has also shown to improve staff retention.