January 17 2017 Geen categorie
CITB is to begin its consultation with industry on a reduced levy and a reformed grants scheme.
The proposal would see the PAYE levy on the direct workforce cut from 0.5% to 0.35%. There would be no change in the net (CIS) levy charged at 1.25% on the subcontract workforce.
The new levy offer has been developed with input from the industry and in agreement with the industry’s Levy Working Party. Subject to agreement from industry, the new levy would come into effect from April 2018.
Some of the advantages of the levy proposal include:
All employers are treated equally, and equally benefit from a reduced CITB levy;
It is simple to implement and legislate, requiring only one change in the levy rate across the board;
It is based on an approach that employers already know and understand;
A simple option helps to focus conversations with industry on how CITB can support it better and deliver value for money for the levy. Read more
Source Construction Manager