§ Mr. MacShaneTo ask the Chancellor of the Exchequer how many companies have notified the Inland 733W Revenue their intention of introducing a profit-related pay scheme since (a) September 1996 and (b) December 1996. [14425]
§ Mr. Jack[holding answer 6 February 1997]: Between 1 September 1996 and the end of January 1997 the Inland Revenue received almost 7,500 applications to register a profit-related pay scheme. That figure includes some businesses which have previously had a registered scheme and some which have not. Of this total, about half—3,700—applied in the three months before 1 December 1996, and about half—3,800—applied in the two months following that date.