§ Mr. LawsTo ask the Chancellor of the Exchequer what his latest estimate is of the total annual cost of the all-employee share plan introduced in the March 2000 Budget for each year from 2000–01 to 2005–06; and if he will make a statement. [130135]
§ Ruth KellyEstimates of the cost of Share Incentive Plan (SIP) are published annually in Inland Revenue Statistics and the Tax Ready Reckoner. The latest estimates are:
£ million 2000–01 2001–02 2002–03 Income tax 10 45 150 National insurance 5 30 90 Total 15 75 240 No estimates have yet been made for subsequent tax years.