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Did you know that any business taking on a new apprentice between 1 August 2020 and 31 January 2021 qualifies for £2,000 from the government under their new apprentice incentive scheme? Qualifying apprenticeships include many training programmes aimed at graduates as well as school leavers.

It is hoped that the new payment will encourage businesses to take on more apprentices, something that has fallen by 74% over the last 12 months. The fund will be paid in two instalments, the first after 90 days and the second after 365 days, with the apprentice having completed a least one year’s employment with a business to qualify.

This new payment is different to apprenticeship levy funds and can be spent to support an organisation’s costs, for example, uniforms, apprentice’s travel or as payment towards their salary.

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To find out more about the scheme and how to apply, visit – https://www.gov.uk/guidance/incentive-payments-for-hiring-a-new-apprentice

Recent updates

The world of tax is constantly changing, so keep up to date on all our news, views and opinions

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Claritas advise the management team of ReBound Returns on sale to Reconomy

13 May 2021

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Five minutes with Paul Blakeman, Claritas’ new Assistant Manager

13 May 2021

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Claritas Tax continues its rapid expansion

10 May 2021

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Claritas advises on 13 transactions in Q1 of 2021

21 April 2021

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Five minutes with Alan Craddock, Claritas’ newest Partner

7 April 2021

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Claritas opens new London office

6 April 2021

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