Insurance industry awaits apprentice levy update
CII welcomes Robert Halfon’s appointment as government minister.
The insurance industry is awaiting an update from the government about the implementation of the compulsory apprenticeship levy.
The levy is due to start in April 2017.
Firms across the private and public sectors in England with a total "pay bill" - including wages, bonuses and pensions - of over £3m will be affected.
They will have to put 0.5% of the "pay bill" above the £3m threshold aside with HMRC to fund apprenticeships.
Parliament
The move was announced by the then chancellor George Osborne
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop