Sources have obtained documents revealing three highly irregular deductions in the King’s latest tax return, submitted just days before the Chancellor’s Budget. The monarchy’s finances, long shielded by opaque sovereign grant arrangements, face renewed scrutiny.
First, a £1.2 million deduction labelled “maintenance of ceremonial artefacts” appears to lack the necessary receipts or valuations. Second, a £340,000 claim for “security enhancements” at Balmoral—yet no invoices from the contractor, a shell company registered in the Cayman Islands. Third, a mysterious £2.1 million payment to an entity called “Royal Heritage Holdings Ltd”, a firm with no public directors and a dissolved filing history.
The palace insists all claims are “fully compliant” but refused to comment on the shell company. The Treasury confirmed a “routine review” but declined further detail. MPs from all parties are calling for an independent audit. The chancellor’s office remains silent. This story is developing.
