Economy

Now we know how much tax King Charles pays, and it is very little

Fed-and-SEC desk, TradeNews USA (2026-06-26): The monarch’s declaration does not tell us much, except that his bill is lower than for people with much smaller fortunes The veil of secrecy that surrounds… Primary source: original at The Guardian (theguardian.com).

June 26, 2026 2:33 PM ET · The Guardian

Now we know how much tax King Charles pays, and it is very little

The monarch’s declaration does not tell us much, except that his bill is lower than for people with much smaller fortunes

The veil of secrecy that surrounds the royal finances was nudged aside a little on Thursday to allow the release of a new piece of information. We learned for the first time how much the king’s annual tax bill comes to.

This was not a full tax return. It was a two-sentence declaration, stating his tax payable amounted to £12.9m in 2024-25, and a slightly smaller sum the year before. His total tax payable since accession comes to £30m.