The Income Tax (Pay As You Earn) Regulations 2003

[F1 Calculation of monthly apprenticeship levy for the first month of the tax year U.K.

147H.   A person must calculate the amount of their apprenticeship levy for the first month of the tax year in accordance with the following steps.

Step 1

Multiply the amount of the monthly pay bill by 0.5%.

Step 2

Deduct the monthly levy allowance for the first month as mentioned in Table 1 from the amount obtained from step 1.

If the resulting amount is positive, that amount is the apprenticeship levy payable for the first month of the tax year.

If the resulting amount is negative or zero, there will be no apprenticeship levy payable for the first month of the tax year.]

Textual Amendments

F1 Pt. 7A inserted (6.4.2017) by The Income Tax (Pay As You Earn) (Amendment) Regulations 2017 (S.I. 2017/414), regs. 1, 3