Note on revisions to National Statistics for Employee Share Schemes
Following a comprehensive review of employee share schemes National Statistics, revisions have been made to some previously published figures for:
Company Share Option Plan and Discretionary Share Option Schemes (CSOP) - revisions from 2004-05 onwards
Enterprise Management Incentives (EMI) - revisions, previously published in October 2007, from 2000-01 onwards
Share Incentive Plans (SIP) - revisions from 2001-02 onwards.
The revisions result mainly from improved data validation and improved methods of estimation.
The most significant revisions are:
- for CSOP, the estimated initial value of options granted in 2004-05 has been reduced from £760 million to £600 million, and in 2005-06 from £760 million to £590 million, with commensurate reductions in average grants per employee
- for EMI, the estimated initial value of options granted during 2005-06 has been reduced from £430 million to £280 million, and the estimated cost of Income Tax relief in 2005-06 has been reduced from £130 million to £110 million
- for SIP, the estimated Income Tax/NICs (National Insurance contributions) costs each year from 2001-02 have been reduced, the largest reduction being the Income Tax cost in 2004-05, from £210 million to £170 million; and in 2005-06 the number of live plans at the year end has been increased from 830 to 880, while the estimated number of plans appropriating SIP shares has been reduced from 600 to 520
June 2008
