Apprentices: Taxation

(asked on 4th September 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will raise apprenticeship levy funding.


Answered by
Darren Jones Portrait
Darren Jones
Chief Secretary to the Treasury
This question was answered on 10th September 2024

The Apprenticeship Levy (AL) is currently paid by large employers, charged at a rate of 0.5% on an employer’s annual pay bill of over £3 million. The annual apprenticeship budget is then set by HMT, which funds training and assessment costs for apprenticeships.

This government is committed to transform the Apprenticeship Levy into a Growth and Skills Levy, which will allow employers to invest in a wider range of training.

The government will set out more details on the Growth and Skills Levy in due course.


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