§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what is his estimate of the annual cost to the Exchequer of the tax reliefs afforded to profit-related pay schemes; and what margins of error should be attributed to such estimates.
§ Sir George YoungAn estimate of the cost of income tax relief for profit-related pay schemes is published in table 1.6 of "Inland Revenue Statistics 1994", a copy of which is in the Library.