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.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy