§ Mr. Terry Davisasked the Chancellor of the Exchequer how many approved deferred share trusts have been set up in each year since the passage of the Finance Act 1978; and how many employees are covered by the approved deferred share trusts set up in each year.
§ Mr. Moore[pursuant to his reply, 19 May 1986, c. 91]: The information requested is as follows:
Tax Year Finance Act 1978 Schemes approved Number of directors and employees\\ granted options under all approved Finance Act 1978 schemes 1979–80 117 145,000 1980–81 93 271,600 1981–82 68 219,000 1982–83 66 285,000 1983–84 48 300,000 1984–85 70 †580,000 1985–86 70 ‡ 1986–87* 8 ‡ 540 * Up to 30 April. † Provisional estimate. ‡Figures not yet available. ║ The number of employees benefiting under approved profit sharing schemes to date cannot be calculated by aggregating the annual totals since the same employee may have received shares in successive years.