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Research Operations Office

 

Published on Thu, 06/04/2017 - 16:55

From 6 April 2017, employers with a wage bill over £3 million per year, must pay the apprenticeship levy which is charged at 0.5% of the annual pay bill.

https://www.gov.uk/government/publications/apprenticeship-levy/apprenticeship-levy|

Funders who have indicated they will be accepting the costs on new applications include RCUK, EC and Wellcome Trust. Currently there are two funders who deem costs ineligible - CRUK and Leverhulme. Where the levy isn’t accepted by the funder it will need to be covered by departments.

X5 will be updated on 11th April so that the Levy will be included in National Insurance as part of the salary costs. If you need to create a costing without the levy, use the Rates Tab and select the NI rate file dated 05/04/2017 and save.