HC Deb 29 July 1976 vol 916 c391W
Mr. MacGregor

asked the Chancellor of the Exchequer how many companies have now introduced "Save As You Earn" linked share schemes as encouraged in the Finance Act 1973.

Mr. Robert Sheldon

The statistics relate only to companies which submitted schemes for approval to the Inland Revenue prior to March 1974 when the special tax treatment was discontinued. Formal approval for tax purposes under the 1972 and 1973 Finance Acts was given to five savings-related—Own-As-You-Earn—Schemes. In addition, 10 were accepted as approvable if adopted by shareholders.