New apprenticeship levy to be launched in April 2017
General description of the measure
The Apprenticeship Levy will be a levy on UK employers to fund new apprenticeships. In England, control of apprenticeship funding will be put in the hands of employers through the Digital Apprenticeship Service. The levy will be charged at a rate of 0.5% of an employer’s paybill. Each employer will receive an allowance of £15,000 to offset against their levy payment. It will be introduced in April 2017.
Please use link to read more:http://www.gov.uk/government/publications/apprenticeship-levy/apprenticeship-levy