News Item: CITB Extends Levy Payments Suspension Period
The Construction Industry Training Board (CITB) training levy that all construction firms must pay was suspended for three months April-June to help alleviate financial pressures during the Covid-19 lockdown. This suspension is now being extended for another three months, until September 2020 and rates will then be temporarily cut.
- No Levy payments until September
- From September choice of upfront or up to 12 months to pay until August 2021
- Next year’s Levy bills to be delayed and 50% rate cut proposed
CITB has been exploring with government ways to cut the levy bill, recognising the cash-flow challenges that industry faces. By law, CITB must collect the Levy, but have been developing a solution that will reduce payments for all Levy payers and offer an extended ‘payment holiday’.
In addition, next year's Levy bills will be delayed and cut by 50%. This bill will also have the option to be paid in one go, or spread over up to 6 months, from September 2021 - February 2022.
This means an overall Levy cut of 25% across two years.
Levy collection will then return to 'normal' rates and collection periods from March 2022.
On 25th June 2020, CITB published its Skills Stability Plan 2020-21 (PDF, 164KB) to help employers recover from the impact of Coronavirus, including a substantial reduction in Levy bills. For further details visit https://www.citb.co.uk/levy-grants-and-funding/citb-levy