UK Apprenticeship Levey Paying Companies have £1.28 billion That Is Not Being Used!
The Open University carried out some research one year after the levy introduction and found that more than 60% of levy payers do not know how the process works. Any levy payments made (0.5% of annual wage bills of £3m+ paid via PAYE) by English based organisations remain as a credit to be used for apprentice related activities for 24 months. After that, these credits are removed. The system varies for Northern Irish, Scottish & Welsh based organisations. Email email@example.com if you would like some more guidance