What you’ll need to do depends on the size of your business and how much you want to invest in apprenticeships. But use our Apprenticeship Levy checklist to make sure you are ready for the changes that April 2017 will bring?
Make sure you know how the Levy will affect you
⇒ Check if your company is likely to be paying the Levy in any months of the coming tax year.
⇒ Read through our website and if you are going to pay the Levy, it’s worth reading the government’s guidance paper.
⇒ It’s likely that your HR and Finance teams will need to work quite closely together, so set up shared files and systems and start pooling notes and resources now.
⇒ Familiarise yourself with the Digital Apprenticeship Service. You can already:
- search for a government-approved training provider and assessor
- estimate the levy training funds you’ll receive via https://estimate-my-apprenticeship-funding.sfa.bis.gov.uk/
- recruit an apprentice (via your training provider).
⇒ If you’re a levy payer you’ll you need to tell HMRC, you will then be invited to register for an account on the Digital Apprenticeship Service which will show you your funds.
⇒ Now’s the time to make sure you have access to:
- the Government Gateway login details for any PAYE schemes you want to include in your account (check with your payroll or finance team if you’re not sure)
- your Companies House number or charity number (if your organisation has one).
⇒ If your organisation is part of a group of connected companies or charities, you will also need to think about how you want to structure your account to manage your apprenticeships. Remember, you only get one levy allowance, but can pool your levy funds into one account.
⇒ Make sure you get more from the Levy than you put in. Secure prices at today’s rates.
Although you have 24 months to use up your training funds but if you want to get the best deals, then you need to be talking to training providers now.
⇒ Do you know what your training needs – met or unmet – are and how apprenticeships can fill them? City College can provide a free Skills Needs Audit. Contact email@example.com to book in your free audit today.
⇒ If you’re going to invest in Apprenticeships, now is a good time to look at the bigger picture. How do you attract new staff generally and how you can encourage Apprentices to stay with you after their training is complete?
⇒ If you already offer Apprenticeships, think about what’s working and what’s not. You can’t transfer existing apprentices to the new schemes/funding system but you can use learnings to make better decisions for the future.
There’s a lot to consider, so if you’d like some help and advice, call 01273 667 778 ext: 2529 or email firstname.lastname@example.org to speak to one of our Apprenticeship advisors and we’ll talk you through your options.