British King Charles III will be the first British monarch of modern times to make his tax returns public on Thursday. This was reported by the British public broadcaster BBC. The recent scandals surrounding the discredited Prince Andrew have put the royal family’s finances in the spotlight.
“The decision to do this as monarch came at the express wish of the king himself, as part of the adjustments that have been made since his accession to the throne,” a spokesperson said.
In concrete terms, this concerns Charles’ tax data for the year 2024-2025. According to Buckingham Palace, the decision is part of a broader plan to be more transparent and open to the population in the future.
During his period as Prince of Wales, Charles also announced how much tax he paid
Not mandatory
British monarchs are legally exempt from paying certain taxes, although they have paid some taxes on a voluntary basis for decades. Charles chose to pay income tax and capital gains tax to the tax authorities.
During his period as Prince of Wales, Charles also announced how much tax he paid.
Charles’ tax details will be shared on Thursday as part of the annual royal financial statements, the BBC reports.