Reed deducting Apprentiship Levy?!

[lucyclarityumbrella]

This applies to both umbrellas and Ltds?

Unfortunately it will apply to brollies, but on the PSC side, the contractor may see their rate negotiated down to cover it - as they try and negotiate a pay increase to cover the move to PAYE taxes

[b r]

If payroll is larger than £3m (for a Group) then there's a 0.5% levy to be paid.

They can't claim it from their clients, aren't going to take it off their margin so only one place left.

[LondonManc]

This applies to both umbrellas and Ltds?

https://www.gov.uk/government/public...w-it-will-work

We are introducing the apprenticeship levy on 6 April 2017. The levy requires all employers operating in the UK, with a pay bill over £3 million each year, to invest in apprenticeships.

[MrMarkyMark]

This applies to both umbrellas and Ltds?

I recently signed an opt out for my LTD.

[Andy Hallett]

I think you'll find that 13.8% will become 14.3% for most agencies.

[northernladuk]

Quite a lot of information out there about this and Lisa is all over it as well so maybe she can come comment.

Apprenticeship levy is unfair on contractors, Osborne told :: Contractor UK

How the Apprenticeship Levy will affect Contractors

http://forums.contractoruk.com/umbre...tice-levy.html

How Apprenticeship Levy will affect Recruitment Companies?

[cojak]

This applies to both umbrellas and Ltds?

[cojak]

Reed have sent me a notification telling me they are cutting my rate by 12.5% to cover the Employers NI and Apprenticeship Levy, after which they will deduct the Employees NI & Income Tax!

I questioned their right to deduct the Employers NI & Apprenticeship Levy as I pointed out I am not the Employer, absolute silence on that!

Leaving!

Oh wowser! Just when I thought it couldn't get worse! The apprentiship Levey?!? I'm copying this to a separate thread on it's own.