The Huddersfield Town Enterprise Academy, held in association with Kirklees College, met again on Thursday 9 May and discussed the government’s new Apprenticeship Levy.
Over 60 people attended the event which was presented and carefully put together by Adam Barton from Semta Skills.
Barton explained how the aim of the new scheme is to have 3 million Apprenticeships by 2020 and discussed how the Levy is designed to pay for the training and certification of the Apprenticeships.
The new Apprenticeship Levy comes into effect in April 2017, and the talk explained that some companies will be seeing their first payment taken in May 2017.
The key note speaker went into detail about the Apprenticeship Levy and explained how it will affect all large organisations with an annual payroll of over £3 million, regardless of whether they already employ Apprentices or not. He went on to say it will be payable to employers in the UK at the rate of 0.5% of the payroll cost through PAYE alongside Income Tax and National Insurance.
Barton offered employers further information on the scheme explaining that they will not pay the first £15,000 of the Levy, which effectively means it will only be payable on payrolls more than £3 million per year. All employers, whether they are Levy paying or not, will be financially supported by the government with regards to Apprenticeship training.
He finished with a final noting stating: “There is no age limit for Apprenticeships. It’s ideal to upskill your workforce.”
For more information about the Huddersfield Town Enterprise Academy see our LinkedIn group.
Senior Commercial Manager for Hospitality at Huddersfield Town, Tracy Nelson commented:
“The event on the new Apprentice Levy helped us understand the new concept thoroughly and delved into every inch of detail surrounding it.
“People came away from the talk completely understanding the government’s Apprentice Levy and what the aims are for putting it in place.
“We try to cover a wide range of topics in these events to keep them interesting for a number of local business people in the community.
“We will be holding more events in the future so make sure you follow @htafcBusiness on Twitter to make sure you don’t miss out.”
For more information on the Apprenticeship Levy contact Kirklees College Commercial Manager – Jason Taylor on 07984 694781 or email firstname.lastname@example.org.