Threshold for exemption from levy raised from a total wage bill of 拢135,000 to 拢150,000
The Construction Industry Training Board (CITB) has launched a consultation on its latest proposed changes to its levy.
The CITB鈥檚 Consensus, a consultation undertaken every three years to gather industry feedback on updates to the levy, will run until 9 May.
Proposed changes include raising the threshold at which companies need to start paying the level from a total wage bill of 拢135,000 under the current arrangements to 拢150,000.
Under the new rules, any company with an employee payroll of less than 拢150,000 will be exempt from paying the levy.
The levy reduction threshold, which reduces the levy by 50% for eligible firms, has also been raised from between 拢135,000 and 拢449,999 to between 拢150,000 - 拢499,999.
The full levy has been retained at 0.35% for PAYE firms and 1.25% for net paid (taxable) CIS subcontractors.
The consultation is a sample-based process with no expectation that all levy payers will be asked to provide their views.
An independent market research company will conduct a sample survey of 4,000 employers to demonstrate the level of support for the proposed levy changes.
CITB chief executive Tim Balcon said: 鈥淭he Levy is designed to ensure that construction employers of all sizes feel supported with their skills and training needs. It plays a vital role in investing in the British construction industry, ensuring the development of a skilled workforce to meet the sector鈥檚 current and future demands.鈥�
鈥淔ollowing the publication of our Strategic Plan 2025 鈥� 29, employers now have a full picture of how we intend to support the industry over the life of the Strategic Plan and accompanying Levy Order.鈥�
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