Apprentices: Taxation

(asked on 29th January 2024) - View Source

Question to the HM Treasury:

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.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 6th February 2024

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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