CITB fixed levy announcement
The Construction Industry Training Board (CITB) has announced that it will maintain a dual levy rate, setting the differential at 3:1 for the forseeable future. Contributions will stand at .5% from those under PAYE, and 1.5% from labour only sub-contractors. The Board had previously been planning to introduce a single rate.
CITB chairman Hugh Try made it clear that the plan was part of an ambitious strategy. ‘Pegging the rates at these levels has been possible due to CITB’s ongoing cost savings, generation of non-levy income and increasing effectiveness in collecting levy from those liable. ‘Our plans are ambitious and include achieving significant progress in qualifying the existing workforce.’ He added that, although unexpected costs may buffet the CITB finances, they had enough in reserve to deal with them for at least a couple of years.