The committee will look into the accounts of the Duchies of Cornwall and Lancaster, which provides millions of pounds of assets to Prince Charles and the Queen.
Labour MP and committee member Ian Davidson told the Mail On Sunday: ‘It is very important that we look at the Royal accounts. The monarchy receives special tax exemptions that are effectively subsidised from the Treasury.
‘We want to see whether the public is getting value for money, and that this isn’t some sort of tax fiddle for the Royals. Once we start the investigation, we don’t know what else we will find.’
The secretary of the Duchy of Cornwall, Bertie Ross, has been asked to give evidence to the committee on February 7 at the House of Commons.
It will also look into the Duchy of Lancaster, which is the Queen’s landed estate – worth about £7 million a year.
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