British Apprenticeship Levy

The British Apprenticeship Levy is a tax introduced in the UK to fund work-based training programs. Employers with annual payroll costs over £3 million must pay 0.5% of their total payroll into a government apprenticeship fund. This money is then used to train and develop apprentices across various industries, with employers accessing funds to support apprenticeship programs. Smaller businesses can sometimes access funding through transfer arrangements. The system aims to encourage workforce skills development, boost productivity, and address skill shortages by investing in practical training for employees.