Introduced in April 2017 the Apprenticeship Levy aims to fund three million apprenticeships in the UK by 2020. If your annual payroll is more than £3m you will pay 0.5% into the apprenticeship levy each month, the Government adds 10% to the amount you pay each month.

Every employer will receive a £15,000 allowance to offset against the levy.  The main aim is to persuade employers to take on more apprentices.  Employers will be issued with a digital voucher to enable them to purchase training from a recognised provider.

See further guidance on the following site:

The figure of £3m is based on payments to employees subject to Class 1 Secondary National Insurance Contributions (NICs) excepting those under the age of 16 or those whose earnings aren’t subject to NIC legislation.