Archive: Apprenticeship Levy
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The Chartered Institute of Taxation (CIOT) has called on the Government to rethink its approach to legislating for the Apprenticeship Levy because of a worry that smaller businesses may lose out by being unable to make full use of their £15,000 levy allowance.
The Chancellor announced today that an apprenticeship levy, set at a rate of 0.5% of an employer’s paybill will be introduced in April 2017. Theoretically only large employers will be paying it, however in practice, many more employers – particularly small or micro employers – may find themselves contributing if the £15,000 ‘offset’ is not easy to understand or claim.
Autumn Statement: Scottish tax advisers welcome tax credits reversal but express caution over apprenticeship levy
The Chartered Institute of Taxation’s Scottish Technical Committee has welcomed the announcement by the Chancellor that the decision to cut some tax credits will be reversed; these were due to be cut from April 2016.
Commenting on the Government’s announcement today of the level of the Apprenticeship Levy, John Cullinane, Tax Policy Director of the Chartered Institute of Taxation, said: