The apprenticeship levy, which came into effect in April 2017, which meant businesses with a payroll costs in excess of £3 million a year must pay 0.5% of their payroll bill in the form of the levy minus a £15,000 allowance to HMRC. Businesses with payroll bills below that figure only have to contribute 10% of the cost of an apprenticeship.
New apprenticeship standards place more responsibility on the employer with engagement a key element of the framework. In the past qualifying the apprentice fell squarely on the shoulders of training providers, now employers need to be involved in the process and take a more pronounced and audited mentoring role.
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