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The Apprenticeship Levy – What your accounts department needs to know

The Apprenticeship Levy is only just around the corner. Find out what all accounts departments should know.

Manchester Met Business School

The Apprenticehsips Team at Manchester Met are happy to provide guidance on the Apprenticeship Levy

The Apprenticeship Levy will be introduced on 6 April, so businesses who may have to pay the levy will need to put in place additional measures to ensure they are accounting correctly.

The headline rate of the levy is 0.5% of an organisation’s annual payroll above £3 million. The government has released additional practical information about how the levy should be reported and paid.

We have picked out the main points that all accounts departments should be aware of from the government’s guidance. These are:

Visit Gov.uk to read the full guidance or download our Employer’s Guide to the Apprenticeship Levy. If you would like to discuss your own businesses situation, please contact our team.

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