Question

how is employer levy raised.who raises the levy

how is employer levy raised.who raises the levy

Homework Answers

Answer #1

The levy due by an employer is paid to HMRC through the Pay-as-you-earn (P.A.Y.E) process alongside payment of Income Tax and National Insurance contributions and is held in a 'digital fund' that employer can use to pay for apprenticeship training. A 10% contribution is added to each monthly payment.

Levy has two potential economic effects: depending on how they raise funds, and how these funds are spent. On the fund raising side, a levi acts like a wage tax, but it can have distributional incentive effects according to the fund raising rules.

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