Three strange things about the king’s tax bill

Another thing not listed in the report is how much of the Privy Purse’s income was used personally by the King and what proportion was used for official royal duties.

This is because the monarch only voluntarily pays tax on their personal income, meaning that the monarch can effectively deduct royal business from the tax bill.

In addition, the King does not pay tax on the Sovereign Grant, which is paid to the Royal Family from the Treasury to pay for official duties.

This procedure means that a self-employed person enters expenses on his own assessment tax return for things like uniforms or training.

The king can support official duties except in two ways, which are tax-free.

Also, what counts as official duties is very different from what a regular self-employed taxpayer might incur.

For example, the tax-free Sovereign Grant can be used to cover the staff costs and running costs of the King’s official household, while the tax-free official duties paid by the Privy Pocket include the personal income of members of the royal family.

James Chalmers, the keeper of the privy purse, said: “While the royal finances can sometimes appear complex, the underlying system is clear in principle, structured by law and refined over time so that the monarch can serve independently, responsibly and in the long-term interests of the country.”