Newspaper article The Journal (Newcastle, England)

Training Provider Prepares for Levy

Newspaper article The Journal (Newcastle, England)

Training Provider Prepares for Levy

Article excerpt

JB SKILLS Training is a leading North East based training provider.

The company delivers training including funded apprenticeships, functional skills and bespoke packages for companies and individuals. In its third year of trading, JB Skills has grown rapidly, now boasting well over 50 staff and a turnover of over PS4m this financial year.

The company is nominated in the North East Business Awards in the Best Newcomer category and is very much hoping to win as a testament to all the hard work put in by every member of the team.

Based across the UK and headquartered at the Software Centre in Sunderland, the business is leading the way in the industry helping employers get their head around a number of training related hot topics including the Apprenticeship Levy.

The levy, which launches in April (with funding changing from May), will change the financial route to training and apprenticeships.

JB Skill's managing director Dave Macmillan said: "The levy has, for the past year, been coming upon us with an air of confusion around it. People both in the industry and in business in general struggled to understand how and whom it was going to affect in a positive or negative way.

"That confusion is now cleared, and it is clear that the aim of the levy is to clearly boost the benefits of apprenticeships to business and young people that many are already enjoying."

The important things to know are: | From April, companies with a wage bill of more than PS3m per year will be required to contribute financially to the new Apprenticeship Levy. It does not matter what sector or industry you are in, if your wage bill exceeds that amount you have to pay.

| The levy charge will be 0.5% of the annual wage bill. The good news is that these employers will also have a levy allowance of PS15,000 per year to offset against the amount payable. Payments must be made into the digital bank account - details will come from HM Revenue and Customs.

The company can access their funding for apprenticeship through a new digital apprenticeship service account. …

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