King Charles to reveal tax details for the first time, palace says

British monarchs are legally exempt from paying certain taxes, though they have paid some duties on a voluntary basis for decades.

It also follows calls for more openness with regard to royal finances following scandals surrounding Andrew Mountbatten-Windsor.

They also have no obligation to disclose their tax bills, but recent scandals surrounding the disgraced former prince Andrew have thrust the royal family's finances into the spotlight.

This decision comes as the royal household prepares to release a new report aimed at increasing "clarity and accessibility" regarding the monarchy’s financial affairs.