More may escape DITB levy
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• An estimated additional 5500 smaller firms will be excluded from payment of levy to the Distributive Industry Training Board if the Secretary of State for Employment approves new proposals for the period July • 1973 to March 1974.
The DITB has proposed that its levy should remain unchanged at 0.7 per cent of payroll for the third year in succession, but has put forward a new plan for relieving a larger number of smaller firms from levy liability.
Firms with fewer than 10 employees or with a payroll of less than £8000 will be excluded. For the past two years the cut-off point has been a payroll of £6000, irrespective of the number of employees.
In all cases the first £3000 of payroll will be ignored in making the levy calculation. The levy for a firm with a payroll of £10,000, for example. would thus be £49. Once again the levy will be collected in two instalments — the first of 20 per cent, with the remainder offset against any grants earned.