§ Mr. ClappisonTo ask the Chancellor of the Exchequer, pursuant to his oral statement of 8 November 2000,Official Report, column 317, what the qualifying conditions are, including conditions relating to size, for companies to establish enterprise incentive schemes in order to grant share options up to a company limit of £2.5 million. [138621]
§ Mr. TimmsEnterprise Management Incentives are targeted at small higher risk trading companies, whether listed or unlisted. The qualifying conditions are set out in Schedule 14 of this year's Finance Act, and are listed also in the Inland Revenue's share schemes website: www.inlandrevenue.gov.uk/shareschemes/emi. In his recent oral statement, the Chancellor announced a consultation on a more flexible limit to the value of shares under option of £2.5 million per company, and on lifting the limit on the number of employees.