Recovering the apprenticeship levy
It’s a brand new tax and it comes into force in April 2017 – you’ll make your first payment in May 2017. At 0.5% of your wages bill, that could be a lot of money. If you don’t know about it, take a look at our dedicated Apprenticeship Levy site.
The government’s aim is to use the money levied to create a £2.4 billion apprenticeship budget. Our Levy service is designed to make sure that you get an apprenticeship scheme up and running that enables you to fully recover your levied payments from HMRC, meet the training needs of your existing staff and enable you to recruit new apprentices. You may even be able to access further money from the fund in the form of grants.
We start by collecting some simple information that we use to build up a picture of your organisation, your training and recruitment needs and your longer-term growth plans. We can quickly tell you how much you will need to pay into the Levy scheme – that’s the simple bit. The tricky part is knowing how best to recover your levy and how best to use it. That’s where we’ll help.
It’s all about building a plan with you. Once you’ve got that you can use all or any part of our services to deliver your apprenticeship scheme.
What we do
- Calculate the amount of levy you will pay
- Analyse your existing staff training programmes (if any)
- Learn about your skills and recruitment needs
- Research the availability of the most suitable apprenticeships
- Work out an effective delivery plan
- Plan the best in way for your apprenticeship training to be delivered
- Look at how much co-funding (that’s money from the government) you can access
- Design a levy recovery blueprint for you
Time is ticking. HMRC will start to collect payments from May 2017. A good plan will enable you to recover funds from month 1.
We build your blue-print
The Apprenticeship Levy has huge implications for larger employers.
Developing an effective plan to recover your Apprenticeship Levy is the way to go.
We’ll build a step-by-step ‘road map’ for your organisation and present our blueprint for your apprenticeship scheme detailing everything you need to know.
“From the moment LAC sourced and tailored the apprentice to suit the needs of our business through to the ultimate graduation and full time hiring of them, LAC have supported each part of the program at all key stages of their development. The mix of a broad yet detailed academic approach they take coupled with the learning in the real business environment is one of the most effective ways to grow young people within any industry.”
“We had a very positive experience working with The London Apprenticeship Company. From the outset we were provided with clear information and the support we received from the team was excellent. We found they had a wide range of well prepared and eager candidates and ultimately we found an apprentice who suited our needs very well. We are happy to report our apprentice has grown to be an integral part of business.”
“Our experience of LAC has been that they are professional, helpful and under-standing. We had never taken on an Apprentice before, Leo was our first, we needed extra staff and an Apprentice was a logical choice. We are delighted with our Apprentice and how things have turned out and taking on an apprentice again is something we will endeavour to do in the future”
Look Ahead Housing and Care
“Jade is great. She is an asset to the team. I’m glad we have her until she goes onto university and we wish her every success with her studies next year and her future career. I wish she wanted to pursue a career in Finance as she has just been brilliant, but I am sure the skills she has gained here will transfer over to any career she chooses... that’s the great thing about an apprenticeship. Ultimately, employers like experience, the apprenticeship gives young people a real opportunity to compete with more mature and experienced candidates because it gives them transferable skills....I think what also makes it work for the employer is LAC’s Apprentice Coordinators. Vanessa, Jade’s Apprentice Coordinator has been really helpful and has always been on hand whenever Jade needed advice, lessening any perceived “burden” on the employer.”
“Toby has made exceptional progress here at Printing.com Winchester and has definitely grown in confidence. Toby is always looking to learn new things. He has certainly fit into the company well, and I believe he has an exciting future ahead of him. I am happy that we have been able to help him on his way by taking him on as our apprentice.”