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  • Tips & Advice You & Your Business - Apprenticeship levy - the latest
    Apprenticeship levy - the latest..New levy. From April 2017 businesses with an annual wage bill of £3 million and above will have to pay the apprenticeship levy. However, they can claim it back to the extent they spend the money on training apprentices. Transferring the levy. Early in 2016 the government hinted that businesses that don’t spend their levy will be able to transfer it. On 25 October 2016 it confirmed that this will be an option from April 2018. Businesses will be allowed to transfer any they...
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  • 600+ Business Solutions - Apprentices go (NI) free
    Apprentices go (NI) free..No more NI. A new government financial incentive for employing apprentices came into effect on 6 April 2016. As an employer you’re entitled to an exemption from secondary Class 1 NI contributions on wages you pay apprentices, if at the time they are under 25. The exemption only applies to employers’ contributions. Your apprentices therefore continue to pay primary Class 1 contributions at the same rates as other employees. Exemption limit. The exemption applies to earnings up to...
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  • Tips & Advice You & Your Business - The Apprenticeship Levy - what’s in it for you?
    The Apprenticeship Levy will raise funds for employee training and applies to all employers from April 2017. However, there will be no cost to smaller firms. So if you don’t pay into the scheme will you be entitled to receive money from it?
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  • Tips & Advice You & Your Business - Autumn Statement key points
    In a quiet Autumn Statement the small print included a few key proposals for business owners to consider. How might they affect your company?
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  • Tips & Advice You & Your Business - New apprenticeship funding
    New apprenticeship funding..Consultation. If you’re wondering what’s happened to the new funding scheme for apprentices since it was announced in the Summer Budget 2015, we can tell you that it’s still on course to take effect in April 2017. In fact, the government has just completed a consultation process and will soon publish the results (see The next step ). Wide application. These days businesses can offer apprenticeships in a variety of industry sectors ranging from accountancy to steel working. So...
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  • Tips & Advice You & Your Business - Apprenticeship grants for more companies
    Apprenticeship grants for more companies.. Apprenticeship week. You may not have realised, but National Apprenticeship Week took place in March. You might not consider that important or relevant for the type of business your company operates, but think again. Wide scope. While apprenticeships are traditionally associated with industries such as building or the motor trade, any company that offers a training contract to a worker can apply for a £1,500 grant towards the cost of employing them. Examples...
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  • Tips & Advice You & Your Business - Hand your apprentices their cards
    Hand your apprentices their cards.. Good employees. The saying goes that a happy worker is a good worker, but the trouble is that what makes most employees happy is a fatter wage packet. That might not be something you’re willing to offer, but if you employ apprentices, you can do the next best thing by making their money go further. It’s on the cards. On June 22 the Skills Minister, John Hayes, launched the Apprenticeship Card. This will offer those officially employed in an apprenticeship contract...
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  • Tips & Advice You & Your Business - Apprenticeships - will they work for your company?
    Official statistics show that one-in-four apprentices fail to complete their training: this is three times better than a decade ago. But does this improvement warrant committing your company to taking on and training an apprentice?
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