§ Mr. MacShaneTo ask the Chancellor of the Exchequer, pursuant to his answer of 6 February,Official Report, column 733, how many companies notified the Inland Revenue of their intention of introducing a profit-related pay scheme during (a) the first eight months of 1997, (b) 1996, (c) 1995 and (d) 1994. [15657]
§ Mr. JackThe available information is in the table.
Number of applications for registration of profit-related pay schemes1 1994 7,200 1995 9,500 1996 12,800 1 Rounded to the nearest 100. From 1 January to 31 January 1997-the most recent period for which figures are available-the Inland Revenue received about 760 applications.
All these figures include some businesses which have previously had a registered scheme and some which have not.