M
Member
Speaking in the House of Commons on 2 September 2026
Debate
Representation of the People BillContribution
“(5) References in this section to a person’s “profit” for a financial year are references to the amount that is produced by deducting from the person’s income relating to that year the person’s expenditure relating to that year (including charges to tax) and a person “makes a profit” for a financial year only where that amount is more than zero.”
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