The Construction Industry Training Board (CITB) is to hold a vote on the collection of the industry training levy for 2022-25 this summer.
The CITB raises a levy from all but the smallest construction firms but postponed its annual consensus vote on the levy for the next three years last summer because of the covid-19 pandemic. Instead it sought a one-year levy order for this year’s assessments at reduced levy rates.
Now it proposes to return to pre-covid rates for the levy in 2022-25, which is set at 0.35% on PAYE and at 1.25% for net paid CIS subcontractors. Employers with a wage bill below £120,000 will be exempt and employers with a wage bill of £120,000 or more but below £400,000 will receive a 50% reduction.
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