Key facts
- King Charles III voluntarily paid £12.9 million in taxes for the 2024-25 financial year.
- King Charles III paid £11.7 million in taxes the previous financial year.
- King Charles III is the first reigning British monarch to publicly disclose his personal tax bill.
- Prince William requested that his income from Dartmoor Prison be redirected.
- The annual income from Dartmoor Prison amounts to £1.5 million.
- The redirection of Dartmoor Prison income will take effect from the 2026-27 financial year.
- The redirected funds will go to community regeneration efforts.
- The voluntary tax disclosure is intended to promote transparency.
King Charles III has made history by becoming the first reigning British monarch to publicly disclose his personal tax payments. For the 2024-25 financial year, the King voluntarily paid £12.9 million in taxes. This disclosure follows a similar voluntary payment of £11.7 million in the previous financial year. The move is intended to foster greater transparency regarding the monarch's finances.