Mr. KennethCarlisle asked the Chancellor of the Exchequer how many companies have profit sharing schemes awaiting approval or rejection by the Inland Revenue under the 1978 legislation.
§ Mr. Peter ReesAt the end of November 119 companies had profit sharing schemes under discussion with the Inland Revenue with a view to approval under the Finance Act 1978 provisions.
§ Mr. Kenneth Carlisleasked the Chancellor of the Exchequer how many companies have had profit sharing schemes approved under the 1978 legislation; and how many companies have had schemes rejected under that legislation.
§ Mr. Peter ReesBy the end of November 68 companies had received formal approval under the Finance Act 1978 for their profit sharing schemes. In no case has approval been formally refused.
§ Mr. Kenneth Carlisleasked the Chancellor of the Exchequer how many companies have applied to the Inland Revenue for approval of profit sharing schemes under the 1978 legislation since that legislation was enacted.
§ Mr. Peter ReesBy the end of November 187 companies had submitted profit sharing schemes to the Inland Revenue for approval under the Finance Act 1978 provisions. Of these, 68 had been approved and 119 were under discussion. None had been formally refused.