The UK government introduced the Apprenticeship Levy on 6 April 2017. The Levy requires all employers operating in the UK, with a pay bill over £3 million each year, to invest in apprenticeships. The Levy is charged at 0.5% of the total annual pay bill and the University will be required to pay this from next month. To find out more, please visit our Apprenticeship Levy pages on the Finance Division website.
Employers in England who pay the Levy will then be able to access funding through a digital apprenticeship service account which will enable them to select and pay Government-approved training providers and post apprenticeship vacancies. More information can be found on the Apprenticeships webpage.
The cost of the Levy will be calculated by CoreHR at employee level and will appear as a separate column on the Payroll Costing Report from April 2017. The charge will be costed to the same general ledger or project code as the employee so will result in additional pay costs at departmental level.