King Charles to publish personal tax bill in first for UK head of state
Buckingham Palace says move is intended to increase ‘clarity and accessibility’ of monarchy’s finances
TL;DR
- King Charles will be the first head of state to reveal his personal tax bill.
- The move aims to enhance the transparency of royal finances.
- King Charles's tax information for the 2024-25 financial year will be published next week.
- This decision was made at the express wish of the King.
- The Duchy of Lancaster provides the King with an annual income of £26.8m.
- The Prince of Wales receives nearly £23m annually from the Duchy of Cornwall but does not disclose his tax payments.
- New royal household reports will be released to improve clarity and accessibility of financial information.