When it comes to the topic of levy employers and the apprenticeship levy tax, things can get quite confusing.
On this page, we aim to answer any and all questions you have about the levy process and how to use the money saved up in your levy account.
Am I a levy payer?
There are two factors that can make you a levy payer:
- If your annual PAYE bill comes to more than £3 million.
- If you are connected to companies or charities for Employment Allowance, the total annual bill of which is more than £3 million.
If this is the case, then each month you will need to pay an Apprenticeship Levy each month.
What is an apprenticeship levy?
What is a levy account?
A levy account is an account, personal to your company, in which your Apprenticeship Levy tax gets stored. This money can be used towards apprenticeships for your company and to upskill and further train your employees.
What is a levy account for?
What is helpful about the levy account, is you can use the money raised to upskill your employees and to hire apprentices.
This is a fantastic opportunity for companies as it is a way of investing in your staff – training them up so they can feel more confident and knowledgeable in their job role, while also completing their job to a higher and more efficient standard.
Find out about the benefits of upskilling your staff on our Upskill Employees page.
What apprenticeships are available to levy payers?
The following apprenticeships are available to levy employees, through RM Training:
- Business Admin Level 2 and 3
- Customer Service Level 2 and 3
- Management Level 3, 4 and 5
- Marketing Level 3
- Recruitment Level 2, 3 and 4
- Sales Level 2 and 3
- Team Leading Level 2
- Warehousing level 2
- Youth Work Level 2 and 3