Construction companies already do their fair share when it comes to tax collection and are well versed in collecting and reporting taxes such as employee income tax and national insurance contributions (NICs) on behalf of HMRC through the PAYE system. Larger businesses (those with a wage bill exceeding £3m in a year) also need to report and pay the apprenticeship levy.

The interesting aspect of the levy for housebuilders and construction businesses is that many have established their own in-house academies to provide the training and development they see as essential.