Chapter 12 - Apprenticeship Levy

Question 1

Apprenticeship Levy

Answer 1

Paid by employers with an annual pay bill of £3 million a year or more at 0.5% of pay bill, offset by a £15,000 levy allowance. Levy is paid along with tax and NIC.

Question 2

Reporting and Compliance Issues

Answer 2

Qualifying employers must report their liability to HMRC. Non-qualifying employers don’t need to do anything.
Must report levy on the EPS each month. Failure is to report is subject to the same penalty regime as PAYE returns and payments