King Charles to publish personal tax bill in first for UK head of state

King Charles will become the first head of state to reveal their personal tax bill in what the palace said was an attempt to enhance the transparency of royal finances. Charles, 77, will publish his financial details as part of the royal household increasing the “clarity and accessibility” of the monarchy’s finances by producing a new report on the subject. The king’s total personal tax information for the 2024-25 financial year will be published next week alongside other financial reports. His 2025-26 tax details will be released next year when the audit has been completed. The decision by the king, who has spent the week at Royal Ascot in Berkshire, is in contrast to his son, the Prince of Wales, 43, who has not disclosed the tax he has paid since becoming heir to the throne. A Buckingham Palace spokesperson said: “While this is the first time a monarch has shared this personal tax information, you may recall it was similarly released by His Majesty when he was Prince of Wales. “The decision to do so as sovereign has come at the express wish of the king himself, as part of the adaptations carried across since accession.” The king’s private sources of income could include money from investments or trading profits, funds generated by his private estates of Balmoral and Sandringham and private savings. …