In April 2017 the way the government funds apprenticeships in England is changing for all employers and some will be required to contribute to a new apprenticeship levy.
The levy will be charged at a rate of 0.5% of your annual pay bill (wages and salaries). You will have a levy allowance of £15,000 per year and an additional 10% government imbursement to offset against your levy contribution.
You will pay the levy to HM Revenue and Customs through the Pay as You Earn (PAYE) process and can use this money to invest in apprenticeships for your current and future workforce. Any unused credit will expire 24 months after it appears in your account so it is imperative to make the most of your funding.