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Random Tax Facts

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As the Royal Wedding approaches, office chit chat turns around to the debate of the royal family and taxes. It’s often a misconception that HRH doesn’t pay tax. One of the perks of being monarch is that she is officially exempt from UK tax laws. 
Despite this, however, in 1992 Her Majesty chose to voluntarily start paying income tax and capital gains tax.
Since 1993 her personal income has also been taxable as for any other taxpayer.
Source: hufingtonpost

 

 

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Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice