The Apprenticeship Levy calculator allows you to work out the cost and the available funds for apprenticeship training. This is calculated by simply applying your organisation’s annual payroll into the Apprenticeship Levy calculator.
The Apprenticeship Levy was introduced in 2017 and businesses that meet the criteria – such as having an annual PAYE bill more than £3 – have a legal requirement to pay into the Levy. The government applies a top-up fund which is equivalent to 10% of this payment and the total funds can be used towards employee training.
Solvo Vir provides a full consultancy service to employers who choose to access training with us, guiding you through the Levy process. To find out more about the services Solvo Vir provide visit here. You can also view our Levy Apprenticeship information page for more on the benefits it can provide for your business.
Calculate your organisation’s annual Apprenticeship Levy contribution and see how much will be available in your Levy fund with the Apprenticeship Levy Calculator. If you would like to know more about how to utilise the full potential of the Apprenticeship Levy, give us a call on 0330 0539140 or alternatively email us at email@example.com.