Apprentices: Taxation

Treasury written question – answered am ar 6 Chwefror 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Andrew Rosindell Andrew Rosindell Ceidwadwyr, Romford

To ask the Chancellor of the Exchequer, whether he has made an estimate of the interest earned on apprenticeship levy funds in each of the last three years.

Photo of Nigel Huddleston Nigel Huddleston The Financial Secretary to the Treasury

The Treasury is not able to make estimates of whether interest is earned on apprenticeship levy funds. The Apprenticeship Levy is not legally hypothecated, so revenues from the levy are paid into the Consolidated Fund.

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