§ 53. Mr. Sternasked the Chancellor of the Exchequer how many share option schemes, and for approximately how many shareholders, have been approved under section 38 of the Finance Act 1984; and how many such schemes for approximately how many shareholders, are awaiting approval.
§ Mr. MooreBy mid-June 445 schemes had been approved by the Inland Revenue under section 38 of the 489W Finance Act 1984. A further 909 schemes were awaiting approval, 719 of which had already been fully examined by the Revenue and were the subject of correspondence with the applicant. It will not be possible to determine the number of individuals who were granted share options under these schemes in 1984–85 until later in the year when the Revenue has received and analysed sufficient annual returns from the companies concerned. Figures for 1985–86 will not be available until autumn 1986.