Overview
- The Royal Household disclosed on June 25 that King Charles III has paid more than £30 million in income tax since his accession in September 2022.
- The report gives annual figures of £11.7 million for 2023 and £12.9 million for 2024 and says the amounts were paid voluntarily following a precedent set by Queen Elizabeth II.
- UK media report that the King’s taxable income was treated at the top 45% income tax rate, while the Royal Household confirmed he does not pay inheritance tax or taxes tied to the Duchy of Lancaster.
- The household framed the move as part of wider transparency efforts after heightened scrutiny of royal finances, and it said the figures will be published each year going forward.
- The report said Prince William also pays income tax and his voluntary totals are expected to be released, a development that could widen public oversight of senior royals’ personal finances.