King Charles III is expected to reveal his personal tax bill on Thursday, becoming the first British monarch to do so. This move is part of a push for greater transparency after the Royal Family came under pressure to reveal more about its finances.
The disclosure follows a scandal involving the king's brother, Prince Andrew. The decision to release tax information is partly intended to contain the damage resulting from revelations about the disgraced prince's finances.
In related financial disclosures released by Buckingham Palace on June 25, it was revealed that the Sovereign Grant, the core funding of the monarchy, will be set at £99.9 million ($131.7 million) a year in 2027-28.