The proposal would see the PAYE Levy on the direct workforce cut from 0.5 per cent to 0.35 per cent. There would be no change in the net (CIS) Levy charged at 1.25 per cent on the subcontract workforce.

CITB said that the new levy offer had been developed with input from the industry and in agreement with the industry’s Levy Working Party. Subject to agreement from industry, the new Levy would come into effect from April 2018.

Some of the advantages of the levy proposal include:

CITB CEO Sarah Beale said: “We have been listening to our industry and are confident that this Levy offer is the best option. It will provide the funding required to deliver the support that industry needs, is simple to administer, and is straightforward for levy payers.

“Next month, we kick off the next stage of engaging with our industry. We will discuss with employers our proposals for how we support them better and consult on how we fund this through the Levy. We want to ensure that our offer is relevant, makes a real difference and delivers value for money.

“We want as many as employers as possible to share their views and we will shortly be sharing details on how to get involved in the consultation.”