HC Deb 17 September 2003 vol 410 c859W
Mr. Laws

To ask the Chancellor of the Exchequer what his latest estimate is of the total annual cost of the all-employee share plan introduced in the March 2000 Budget for each year from 2000–01 to 2005–06; and if he will make a statement. [130135]

Ruth Kelly

Estimates of the cost of Share Incentive Plan (SIP) are published annually in Inland Revenue Statistics and the Tax Ready Reckoner. The latest estimates are:

£ million
2000–01 2001–02 2002–03
Income tax 10 45 150
National insurance 5 30 90
Total 15 75 240

No estimates have yet been made for subsequent tax years.