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Do you have a PAYE bill in excess of £3 Million

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Presentation on theme: "Do you have a PAYE bill in excess of £3 Million"— Presentation transcript:

1 Do you have a PAYE bill in excess of £3 Million
1 Employer Levy Guide From April 2017 the national apprenticeship programme will be expanded by the introduction of the apprenticeship levy. The aim of the levy is to fund 3 million new apprenticeships by 2020, encouraging businesses to employ apprentices or retrain their existing staff. Please follow the links below to work out how these changes will affect your business. Do you have a PAYE bill in excess of £3 Million Yes No Should it be programme? Change it to Please follow the links below, then put a full stop at the end of the sentence. Put the + in front of the £3 or change it to in excess of £3 million.

2 Do you have more than 50 members of staff?
2 No Organisations will be exempt from the first £15k of the Levy, which translates to the levy only being charged for payrolls in excess of £3 million per year, irrespective of the organisation employs Apprentices. Therefore, the levy will apply to 2% of UK employers. Do you have more than 50 members of staff? Yes No Make sure that organisation is spelt with an s throughout, you have 2 different spellings in here. It should be irrespective of not if.

3 Yes ? No Yes Do you have any available funding in your levy pot?
3 Yes You are liable for apprentice costs from your levy pot. Your levy pot will be 0.5% of your annual payroll. Organisations will be exempt from the first £15k of the Levy, which translates to the levy only being charged for payrolls in excess of £3 million per year, irrespective of if the organisation employs Apprentices. Therefore, the levy will apply to 2% of UK employers. Do you have any available funding in your levy pot? Yes ? No Should be ‘You are liable for apprentice costs’ not to

4 4 Yes You pay 10% of the cost of training an apprentice regardless of age. For example Electrical or Motor Vehicle apprentices will cost £18,000. You will pay £40 per month which will be collected quarterly over 36 months, plus £360 for the final assessment. Change Electric to Electrical Months doesn’t need a capital letter

5 Is your apprentice between 16-18 Years old?
5 No Is your apprentice between Years old? Yes No

6 Congratulations, you’re a winner!
6 Yes Congratulations, you’re a winner! Not only is your apprentice’s training free, you are also eligible for a £1000 bonus to be paid out to you in two instalments. Change you are to you’re Apprentices in this case needs an apostrophe – the training belongs to them. After free you should have a comma.

7 No You are liable for 10% of the cost of your apprentice’s training.
7 No You are liable for 10% of the cost of your apprentice’s training. Example: A Motor Vehicle Apprentice will cost £18,000 to train over 36 months. You will have to pay £40 per month over 36 months, plus a £360 final assessment fee at the end of the apprenticeship. Again apprentices should have an apostrophe because the training belongs to them.

8 No You are liable for 10% for all the overspill from your levy pot.
8 No You are liable for 10% for all the overspill from your levy pot. Example 1: If you have a levy of £6000 and your costs are £7000. You will be liable for £100. £7000-£6000=£1000 10% of £1000=£100 Example 2: You have spent your entire levy pot. A Motor Vehicle Apprentice will cost £18,000 to train over 36 months You will have to pay £40 per month over 36 months, plus a £360 final assessment fee at the end of the apprenticeship It should be ‘a levy of £6000’ In the example you do not need to use full stops.

9 9 Yes Using the funding from your levy pot you will be able to fund your apprentice’s training. You will pay 80% of your apprentice’s training in monthly installments over the duration of their course. The final 20% of the funding will be paid at the end of the course for the learner’s final assessment. For example: A Motor Vehicle Apprentice will cost £18,000 to train over 36 months. You will have to pay £400 per month over 36 months, plus a £3600 final assessment fee at the end of the apprenticeship. Again apprentices needs an apostrophe because the training belongs to them. Learners also needs an apostrophe because the final assessment belongs to them.


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