§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer (1) what is his estimate of the cost to the Exchequer of the tax relief on profit-related pay in(a) 1995–96, (b) 1996–97, (c) 1997–98 and (d) 1998–99; and if he will make a statement; [807]
(2) how many individuals are participating in profit-related pay schemes qualifying for tax relief; and what is his estimate of the number of such individuals who pay income tax at the top marginal income tax rate of 40 per cent. [808]
§ Mr. JackAvailable estimates of the cost of income tax relief for profit-related pay schemes in 1995–96 and 1996–97, and the number of participants up to the end of March 1996, are published in table 1.6 and table 6.3 respectively of "Inland Revenue Statistics 1996", a copy of which is in the Library.
Reliable information on the number of participants at each marginal rate is not available.