Share Option and Incentive Schemes

HC Deb 19 February 1975 vol 886 cc393-4W

Mr. Cordle

asked the Chancellor of the Exchequer how many share option and share incentive schemes have received formal or provisional Treasury approval during 1974.

Dr. Gilbert

The provisions of the Taxes Acts which granted favourable tax treatment to transactions under Inland Revenue approved share option and share incentive schemes were repealed by the Finance Act 1974. Provision no longer exists for schemes to be approved.

The number of schemes approved in 1974, before the Finance Act 1974 became law, was as follows:

	Formally approved	Provisionally approved
Share option schemes	47	57
Share incentive schemes	16	7