HC Deb 02 November 1993 vol 231 c119W
Ms Harman

To ask the Chancellor of the Exchequer what assessment he has made of the economic effects of continuing tax relief on executive share options since the March 1993 Budget; and if he will make a statement.

Mr. Dorrell

Tax relief for approved executive share option schemes is intended to help companies to attract, retain and motivate key executives. A report on employee share schemes by KPMG Management Consulting was published in 1991; and the relief is kept under regular review.

Ms Harman

To ask the Chancellor of the Exchequer if he will publish the most recent estimate he has made of the cost to the Exchequer of tax relief on executive share option schemes in 1992–93 and 1993–94.

Mr. Dorrell

Provisional estimates are as follows:

£million
1992–93 1993–94
Approved discretionary share option schemes 45 55