CITB levy collection to restart in September
Collection of the CITB levy will resume in September 2020 after being suspended due to coronavirus. The CITB is also introducing interest-free direct debit instalments so that employers can spread payment over a 12-month period until August 2021.
CITB is sending out 2019 Levy Assessment Notice this month, along with a direct debit mandate. Assessment notices will detail the amount contractors are required to pay. The first instalment will be due by 28 September.
Earlier this month CITB announced a range of measures to make savings and reduce operating costs as it adjusts to the new post-Covid financial landscape. The move followed the decision in June to cut Levy bills by 25% across the next two years – an income reduction of £166m. Despite this reduced income, CITB has accelerated apprenticeship grants, and prioritised Apprenticeship support and direct employer funding within its Skills Stability Plan.
For 2021/22, CITB has proposed a 50% reduction in the Levy, as well as raising the threshold at which companies are liable for Levy from £80,000 to £120,000. CITB has released an online Levy Calculator to provide a guide to Levy payments.
