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Share Option And Incentive Schemes

Volume 886: debated on Wednesday 19 February 1975

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asked the Chancellor of the Exchequer how many share option and share incentive schemes have received formal or provisional Treasury approval during 1974.

The provisions of the Taxes Acts which granted favourable tax treatment to transactions under Inland Revenue approved share option and share incentive schemes were repealed by the Finance Act 1974. Provision no longer exists for schemes to be approved.The number of schemes approved in 1974, before the Finance Act 1974 became law, was as follows:

Formally approvedProvisionally approved
Share option schemes4757
Share incentive schemes167