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The government has released an employer-guidance update and here are the 6 key things you need to know

The government has released an employer-guidance update and here are the 6 key things you need to know

03-Oct-2016

 

The Government has released further information for employers about how the apprenticeship levy will work. The guidance is relevant for all employers operating in the UK, whether they will pay the apprenticeship levy or not.

 

Key updates:

1.Funds will be accessed through a newdigital apprenticeship serviceaccount and will appear in your account monthly, which will be available for registration in January 2017. The first funds collected in April 2017 and available to spend in May 2017.

2.Funds willexpire 18 monthsafter they enter your digital account if you don’t spend them on apprenticeship training.

3.Government will work with the devolved administrations to make the levy work for employers that haveoperations across the UK,and will publish more details inJune 2016.

4.Government will apply a10%top-upto the funds you have for spending on apprenticeship training in England.

5.Once you have agreed a price with a provider, all payments to the provider will be made monthly for the first year of the Levy.

6.Employers can use the digital apprenticeship service whether they pay the levy or not to help them choose training providers, assessment organisations and post vacancies.

 

To find out more please click here.