Posted : 8 yearsago by adriananderson
On 21 August 2015 BIS published a consultation on the Government’s proposal to introduce an Apprenticeship Levy. The consultation focuses on the implementation of the levy, more details on rates and scope will follow later this year. The introduction of the levy could act as a ‘game changer’ for Higher Apprenticeship and Degree Apprenticeship and ‘larger employers in England will be able to spend the levy to support all of their post-16 apprenticeships’. We therefore understand that employers will be able to reclaim the levy when they spend on Higher Apprenticeship and Degree Apprenticeship. Smaller employers may also be able to benefit from funds collected through the levy (this is subject to consultation).
HEIs will wish to note:
The abolition from April 2016 of National Insurance contributions for apprentices under the age of 25 provides a further incentive for employers to engage in apprenticeship.
UVAC will be producing a response to the consultation.
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