King Charles Reveals £12.9 Million Tax Bill, First Monarch to Disclose
Updated
Updated · bbc.co.uk · Jun 25
King Charles Reveals £12.9 Million Tax Bill, First Monarch to Disclose
3 articles · Updated · bbc.co.uk · Jun 25
Summary
£12.9 million in tax was paid by King Charles for 2024-25, according to the annual royal accounts, making him the first British monarch in modern times to publish such a figure.
Buckingham Palace said the disclosure was a personal decision by Charles and Prince William to improve transparency; William also revealed a £7.76 million tax bill for the same period.
More than £50 million has now been paid to HMRC by Charles and William since Charles became king, though the accounts still give no detailed breakdown of how either tax bill was calculated.
£99.9 million a year will go to the Sovereign Grant from 2027-28 under a new formula, while Charles and Queen Camilla will keep living at Clarence House instead of moving into Buckingham Palace.