HMRC has updated the ‘how to allocate your allowance’ section in its Pay Apprenticeship Levy guidance. The guidance outlines when employers have to pay the Levy and how to report the payments.
The section explains that the allowed Levy of £15,000 can be allocated between all of an employer’s Pay As You Earn schemes and connected companies or charities.
It is up to the employer to decide how to split the allowance. However, businesses will need to report how they’ve allocated the allowance the first time they have to pay the Apprenticeship Levy. The share of the allowance cannot be changed during the tax year.
