The Skills and Growth Levy
The government’s Skills and Growth Levy is a tax affecting employers in England with an annual pay bill of more than £3 million. The levy payments are taken from employers each month by HM Revenue and Customs (HMRC) through Pay as You Earn (PAYE), alongside tax and National Insurance payments.
The Skills and Growth Levy amount is 0.5% of the total pay bill, less the first £15,000. Therefore the pay roll bill must be over £3 million before any payments are incurred.
The levy payments are put into the employer’s digital account where it can be used to pay for apprenticeship training; for either existing staff or new recruits. The funds can only be spent on training – it cannot be used towards any associated costs such as wages or travel.
Key facts about the Skills and Growth Levy
- Your funds will expire 12 months after they enter your digital account unless spent. Funds leave your account on a First In, First Out (FIFO) basis.
- Your funds can only be spent on apprenticeship training delivered by an approved provider who appears on the Register of Apprenticeship Training Providers (RoATP) – The College of Animal Welfare is such a provider.
- Your apprentice’s details are uploaded into your Digital Account and payments are automatically transferred to your chosen training provider.
Why choose The College of Animal Welfare as your apprenticeship training provider?
- Free job advertising – We can advertise your apprenticeship vacancies free of charge on the government ‘Find an Apprenticeship’ website as well as on our own online jobs board and social media if required.
- Application screening – We can screen applicants for you to ensure that each applicant we put forward to you meets your requirements.
- Key account management – Your account manager will discuss your specific requirements on the phone or face-to-face as required to help you to make the most of your levy spend.
- Bespoke website page – After discussing your requirements, we can produce a webpage for you that will allow your employees to view your company processes, the courses that are available to them and begin the application process online. All at no extra cost!
- Key industry knowledge – We will ensure you are kept up-to-date with relevant levy legislation and apprenticeship standards that are being developed so you will be safe in the knowledge that your levy funds will be being used effectively.
- Flexible learning – with online and work-based learning options, and several centres throughout the UK, we provide training that is accessible to everyone in your team.
If you would like to have a chat about apprenticeship training, please contact us and speak to a member of our team – we will be happy to talk you through your options, alternatively you can request a call back using the link below.
REQUEST A CALL BACK TO DISCUSS RECRUITING AN APPRENTICE HERE