CITB has confirmed that Levy rates will remain the same for 2022-25 under proposals that its Board confirmed on 21 May.
CITB’s recent consultation with employers and leading industry figures supported draft proposals and these have now been agreed. The Levy will remain at pre-Covid rate of 0.35% for PAYE staff at 1.25% for CIS subcontractors.
Around 40,000 employers with a wage bill lower than £120,000 will still be exempt, with 14,000 having their Levy assessment halved if their wage bill is between £120,000 and £400,000.
From Monday 14 June to Sunday 15 August, CITB will be consulting on these Consensus proposals, where they will be asking a sample of Levy payers whether they agree that its proposals are necessary to encourage adequate training in our industry over the next three years. The last Consensus was in 2017, with 76.9% agreed with CITB’s plans.