Using apprenticeship levy to reinvest back into your workforce
The apprenticeship levy was initiated by the UK government for all employers paying a wage bill of more than £3 million per year. The levy tax of 0.5% of your payroll is automatically collected by HMRC at the end of each month through your PAYE system.
The great news is that you can reinvest this levy back into your workforce in the form of apprenticeship training.