HMRC is consulting until 2 March on draft Finance Bill 2016 legislation to introduce the new apprenticeship levy from 6 April 2017. The levy will be charged on large employers with annual pay bills in excess of £3m, at a rate of 0.5% through PAYE. Each employer will receive one annual allowance of £15,000 to offset against their levy payment. Employers operating multiple payrolls will only be able to claim one allowance. See www.bit.ly/1T0dNnh.
HMRC is consulting until 2 March on draft Finance Bill 2016 legislation to introduce the new apprenticeship levy from 6 April 2017. The levy will be charged on large employers with annual pay bills in excess of £3m, at a rate of 0.5% through PAYE. Each employer will receive one annual allowance of £15,000 to offset against their levy payment. Employers operating multiple payrolls will only be able to claim one allowance. See www.bit.ly/1T0dNnh.
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