In first for monarchy, King Charles will reveal his personal tax bill
King Charles will become Britain’s first monarch in modern times to reveal his personal tax bill.
His tax payments will be shared on Thursday as a new element in the annual royal financial accounts, with the decision said by Palace sources to have been a personal one by the King.
Buckingham Palace says the move is part of a modernising drive for greater transparency and to “encourage wider understanding of our accountability”.
It also follows calls for more openness with regard to royal finances following scandals surrounding Andrew Mountbatten-Windsor.
The move will make public the King’s tax payments for the previous year – 2024-25 – and will include tax on his income such as profits from the Duchy of Lancaster, any personal investments and earnings from the King’s private estates, such as Sandringham and Balmoral.
A Buckingham Palace spokesman said this was part of a wider drive to be more open with the public.
“To put it simply, we continue to modernise and evolve,” they said, with a commitment to an annual publication of the King’s taxes.
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