Recovering the apprenticeship levy
It’s a brand new tax and it came into force in April 2017 and you’ll have made your first payment in May 2017. At 0.5% of your wages bill, that could be a lot of money.
If you are an employer with an annual salaries bill of £3m or more you’ll pay into the new Apprenticeship Levy. You’ll also want to know how best to recover this. Train your existing staff? Recruit new staff? Or a combination of both?
The government’s aim is to use the money levied to create a £2.4 billion apprenticeship budget. Our Levy service is designed to make sure that you get an apprenticeship scheme up and running that enables you to fully recover your levied payments from HMRC, meet the training needs of your existing staff and enable you to recruit new apprentices. You may even be able to access further money from the fund in the form of grants.
We start by collecting some simple information that we use to build up a picture of your organisation, your training and recruitment needs and your longer-term growth plans. We can quickly tell you how much you will need to pay into the Levy scheme – that’s the simple bit. The tricky part is knowing how best to recover your levy and how best to use it. That’s where we’ll help.
It’s all about building a plan with you. Once you’ve got that you can use all or any part of our services to deliver your apprenticeship scheme.
How we can support you with the levy
- Calculate the amount of levy you will pay
- Analyse your existing staff training programmes (if any)
- Learn about your skills and recruitment needs
- Research the availability of the most suitable apprenticeships
- Work out an effective delivery plan
- Plan the best in way for your apprenticeship training to be delivered
- Look at how much co-funding (that’s money from the government) you can access
- Design a levy recovery blueprint for you
Building your Apprenticeship Plan
The Apprenticeship Levy has huge implications for larger employers. Developing an effective plan to recover your Apprenticeship Levy is the way to go.
We’ll build a step-by-step ‘road map’ for your organisation and present this plan for your apprenticeship scheme detailing everything you need to know.
If you are an organisation who hasn’t recruited, employed or trained apprentices before, it can be time consuming, with many different types and levels of apprenticeships available, along with regulations and funding criteria, you will require a training provider that will support you throught this journey that delivers high quality teaching, learning and assessment. Our free apprenticeship advisory is designed to help you design and implement a comprehensive apprenticeship plan.
Coaching and Support
They have to do their job and at the same time complete their training. They’ll need to learn new skills, complete a range of assignments and assessments, sit exams, and if they don’t have at least GCSEs, they’ll have to do English and Maths too.
Some of your apprentices might be young people just starting out on their careers. Others may have worked for you for several years and be completing higher level apprenticeships or degree apprenticeships.
We want them to succeed as much as you do. And we know from years of experience (we’ve been doing this since 2004) that they’ll need help and support as they navigate their way through all the things they have to.
Apprenticeship training increases the skill level employees, which enables them to become confident and competent within their job roles, keeping in mind the organisations objectives.
As mentioned finding a suitable training provider for your organisation and managing apprentices, takes time, effort and expertise.
Our apprenticeship training management service will do all of that for you.
Get in Touch
If you like what you see then please Contact Us for more information.