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Reed deducting Apprentiship Levy?!

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    Reed deducting Apprentiship Levy?!

    Originally posted by AjayG View Post
    Reed have sent me a notification telling me they are cutting my rate by 12.5% to cover the Employers NI and Apprenticeship Levy, after which they will deduct the Employees NI & Income Tax!

    I questioned their right to deduct the Employers NI & Apprenticeship Levy as I pointed out I am not the Employer, absolute silence on that!

    Leaving!
    Oh wowser! Just when I thought it couldn't get worse! The apprentiship Levey?!? I'm copying this to a separate thread on it's own.
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

    #2
    This applies to both umbrellas and Ltds?
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

    Comment


      #3
      Quite a lot of information out there about this and Lisa is all over it as well so maybe she can come comment.

      Apprenticeship levy is unfair on contractors, Osborne told :: Contractor UK

      How the Apprenticeship Levy will affect Contractors

      http://forums.contractoruk.com/umbre...tice-levy.html

      How Apprenticeship Levy will affect Recruitment Companies?
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        I think you'll find that 13.8% will become 14.3% for most agencies.
        https://uk.linkedin.com/in/andyhallett

        Comment


          #5
          Originally posted by cojak View Post
          This applies to both umbrellas and Ltds?
          I recently signed an opt out for my LTD.
          The Chunt of Chunts.

          Comment


            #6
            Originally posted by cojak View Post
            This applies to both umbrellas and Ltds?
            https://www.gov.uk/government/public...w-it-will-work

            We are introducing the apprenticeship levy on 6 April 2017. The levy requires all employers operating in the UK, with a pay bill over £3 million each year, to invest in apprenticeships.
            The greatest trick the devil ever pulled was convincing the world that he didn't exist

            Comment


              #7
              If payroll is larger than £3m (for a Group) then there's a 0.5% levy to be paid.

              They can't claim it from their clients, aren't going to take it off their margin so only one place left.

              Comment


                #8
                Originally posted by cojak View Post
                This applies to both umbrellas and Ltds?
                Unfortunately it will apply to brollies, but on the PSC side, the contractor may see their rate negotiated down to cover it - as they try and negotiate a pay increase to cover the move to PAYE taxes

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