The Construction Industry Training Board (CITB) Levy is a tax that is imposed on construction companies to help fund the training and development of the UK’s construction workforce.

The CITB Levy applies to all construction companies with a turnover of more than £80,000 in the previous tax year. It is applicable to the company’s total turnover, even if it is below the £80,000 threshold.

In addition to the levy, construction companies must also submit a CITB Levy Return. This is a form that is used to calculate the amount of CITB Levy that a company must pay to the CITB.

The CITB Levy Return must be submitted on an annual basis, with the deadline for submission being the last day of February. Companies must also keep a record of their CITB Levy payments, which must be made within 30 days of the submission date.

The CITB Levy Return is an important document, as it is used to determine the amount of CITB Levy a company must pay. Companies must also ensure that they are registered with the CITB in order to be able to submit their Levy Return.

By registering with the CITB, companies can access a range of services, including grants and funding to help them meet their training and development goals. Companies can also access resources such as webinars and seminars, which help them to stay up-to-date on industry best practices and regulations.

The CITB Levy is an important source of funding for the construction industry and is used to help improve standards of construction work in the UK. By registering with the CITB and submitting their CITB Levy Returns, companies can ensure that they are making a contribution to the industry and helping to ensure the quality of the work being done.

How can Gravitate Accounting Help?

This is a complex area and if you are unsure of the inner workings Gravitate Accounting have experts who can help

‍