Under normal Revenue IHT rules, all inherited income, above £250,000, is taxed at a rate of 40%, but the royal family is exempt from paying the tax.
According to reports in the media, this latest exemption is likely to add to fuel to the Republican lobby, which was dampened somewhat by the public show of support following the death of the Queen mum.
Since 1993, the Queen has paid income tax.
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC
An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans