Profit-related Pay (Hansard, 13 February 1990)

HC Deb 13 February 1990 vol 167 c121W 121W

§ Mr. Chris Smith
To ask the Chancellor of the Exchequer how many profit-related pay schemes are linked to the profitability of the firm as a whole rather than to a smaller unit; and how many people are affected.

§ Mr. Lilley
I regret that the information is not readily available.

§ Mr. Chris Smith
To ask the Chancellor of the Exchequer what is the cost to the Exchequer in each year of the profit-related pay scheme.

§ Mr. Lilley
The information is as follows.

Year Estimated cost of income tax relief £ million

1987–88 negligible

1988–89 10

1989–90 15

Costs are expected to increase in future.

Year	Estimated cost of income tax relief £ million
1987–88	negligible
1988–89	10
1989–90	15