King Charles Paid 12.9 Million Pounds in Tax for 2024-2025

King Charles paid £12.9 million in tax for the 2024-2025 period, BBC News reported. The Royal Household published the figure alongside its annual financial report. King Charles is not legally required to pay income tax, capital gains tax, or inheritance tax.

He voluntarily pays some of those taxes under the Memorandum of Understanding, an agreement with the government that began in 1993 and was updated in 2023. The Privy Purse received £25. The Duchy owns the Savoy Hotel in London and supplies most of the Privy Purse income.

King Charles pays VAT, employer taxes, and local rates as required by law. He does not pay tax on the Sovereign Grant, which the Treasury provides for official duties. The King can deduct expenses tied to official royal business from his voluntary tax bill.

James Chalmers, Keeper of the Privy Purse, said the system is structured in law to allow the monarch to serve with independence and accountability.