11 June 2024

The Department for Education (DfE) has updated the guidance on transferring your apprenticeship levy to another business.

The guide contains useful information on how employers can transfer unused apprenticeship levy funds over to another business to pay for apprenticeship training and assessments.

From 22 April 2024 the amount of your previous financial year’s apprenticeship levy funds that can be transferred has increased from 25% to 50%.

The apprenticeship service calculates the amount as 50% of:

  • the total amount of levy you declared in the previous tax year
  • with the English percentage applied (the percentage of your employees that live in England
  • plus the top-up payment of 10% from the government.

This change will extend the support that larger companies can provide for other businesses in a particular sector or location.

Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.