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Share Schemes

Volume 79: debated on Thursday 23 May 1985

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asked the Chancellor of the Exchequer how many save-as-you-earn share option schemes under the Finance Act 1980 have been (a) submitted to the Inland Revenue and (b) approved in each year since 1980.

[pursuant to his reply, 21 May 1985, c. 413–14]: The information requested is as follows,

(a) Schemessubmitted(b) Schemesapproved
1980*337
1981133113
19827776
19838774
1984150100
1985†5346
Total533‡416
* The start date for the schemes was 15 November 1980.
† Up to 30 April.
‡ Of this total, 33 are schemes which companies have not proceeded with, for a variety of reasons.

asked the Chancellor of the Exchequer how many approved deferred share trust profit sharing schemes under the Finance Act 1978 (as amended) have been (a) submitted to the Inland Revenue and (b) approved in each year since 1979.

[pursuant to his reply, 21 May 1985, c. 414]: The information requested is as follows:

(a) Schemes submitted(b) Schemes approved
1979*18678
1980120106
19817777
19827367
19836849
19848369
198513420
Total641*466
* The start date for the scheme was 6 April 1979.
†. Up to 30 April.
‡ Of this total, 120 are schemes which companies have not proceeded with, for a variety of reasons.