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Abolishment of Apprenticeship Levy threatens accountancy skills gap, UVAC warns

The levy was first introduced in 2017 and is funded by a 0.5% compulsory contribution by employers with payroll costs of over £3m

Drastic reform or the abolishment of the government’s Apprenticeship Levy scheme will have a hugely detrimental impact on the skills gap across the accountancy profession, a new report by the University Vocational Awards Council (UVAC) has warned.

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