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Apprenticeship Levy - Annual Details for Tax Year

Updated over 2 weeks ago

Two new fields have been added to the annual details screen.

Annual Details for Tax Year Screen

Field - Rate

Description - The apprenticeship levy rate. This is a percentage of the annual pay bill and is used to calculate the levy liability.

Field - Allowance

Description - The annual levy allowance; this offsets the levy liability (so if the levy liability is less than the allowance, no levy is payable).

When you create the 2017 record, the rate (0.5%) and the allowance (Β£15,000) are defaulted in.

In future years, the values will be copied from the previous year; if the rate or allowance changes, you will need to update the fields.

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