Apprenticeship Levy
Lords · Question HL923 · Tabled 9 Sep 2024 · Treasury · Official record
Answered 19 Sep 2024
Question
Asked by Baroness Wolf of Dulwich
To ask His Majesty's Government what the total levy for the apprenticeship budget was in the 2022-23 financial year; and how much of this was allocated to the devolved governments using the Barnett formula.
Answer
Answered by Lord Livermore, 19 Sep 2024
The Apprenticeship Levy (AL) is currently paid by large employers, charged at a rate of 0.5% on an employer’s annual pay bill of over £3 million. HMT then sets the Apprenticeship Budget at each Spending Review, which funds all apprenticeship training in E...