PARLIAMENTARY WRITTEN QUESTION
Apprentices: Taxation (4 September 2024)
Question Asked
To ask the Chancellor of the Exchequer, if she will raise apprenticeship levy funding.
Asked by:
Jo White (Labour)
Asked by:
Jo White (Labour)
Answer
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.Answered by:
Darren Jones (Labour)
10 September 2024
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