14 / 12 / 2016 10.34am
HM Revenue and Customs (HMRC) has published guidance for employers that details how to calculate and pay the apprenticeship levy.
From 6 April 2017, all employers with an annual pay bill of more than £3 million will have to contribute to the levy, paid each month through the PAYE process. The guidance outlines the rules around what constitutes the pay bill and includes a link to HMRC’s PAYE tools to help employers work out how much they need to pay.
Each employer will have an allowance of £15,000 each year to offset against their payment. The guidance provides information on applying the allowance, how to use the Employer Payment Summary (EPS) to report against the apprenticeship levy each month and what to do if the pay bill changes.
The guidance is available to access online.
For more information about how the levy will work, visit our apprenticeship levy web page.