Whitehall

Government Attempts to Reassure Small Businesses over Apprenticeship Levy

Government Attempts to Reassure Small Businesses over Apprenticeship Levy

The government have tried to reassure small businesses that they will not be affected by the introduction of the apprenticeship levy, stating that only large companies will be forced to pay it. However, the chancellor and government have failed to disclose what a larger company constitutes, with rumours suggesting that the Treasury is considering including businesses with 50 employees. In an interview with The Financial Times, one Whitehall aide said; “We have been clear that it is larger firms that will be focused on,” but the government still haven’t finalised what the cut-off point is. In the summer Budget, George Osbourne announced that large employers would have to pay a percentage (suggested as 0.5%) of their payroll to fund the apprenticeship programme. Under the programme, a compan... »