Apprenticeship Levy UpdatePosted in : Quarterly Reviews on 8 December 2016
The Government is committed to boosting productivity by investing in human capital by introducing an Apprenticeship Levy (“the Levy”) on all employers (in both the private and the public sectors) in the UK. The hope is that this will increase the quantity and quality of apprenticeships. It will also save the Government approximately £3bn per year as it passes the cost of training on to employers. The legislative provisions for the Levy are contained in Part 6 of the Finance Act 2016 and it will have effect on and after 6 April 2017.
It has been reported that 2million additional jobs are expected to require higher level skills by 2022. The Levy is intended to play a major role in addressing
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This article is correct at 08/12/2016
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