Levy

If your company has a pay bill of 3 million or more you are entitled to pay for apprenticeship training through the Levy.

The levy will be charged at a rate of 0.5% of an employer's annual pay bill. Each employer will have an annual levy allowance of £15,000 (being 0.5% of £3 million) to offset against the levy they must pay. The levy will be paid to HMRC through the PAYE