Employee Profit-Sharing Schemes

HC Deb 24 February 1983 vol 37 cc521-2W

19. Mr. Kenneth Carlisle

asked the Chancellor of the Exchequer how many employee profit-sharing share schemes the Inland Revenue has approved.

Mr. Ridley

At 31 January 533 employee share schemes had been approved by the Inland Revenue. This total is made up of 333 profit-sharing schemes approved under the provisions of the Finance Act 1978 and 200 savings-related share option schemes approved under the provisions of the Finance Act 1980.