The Prince of Wales’ tax affairs were the subject of scrutiny by the Public Accounts Committee (PAC) this week.
The prince's private secretary William Nye, alongside Duchy of Cornwall finance director Keith Willis and Treasury officer of accounts Paula Diggle, appeared before MPs to answer why the prince does not pay any corporation or capital gains tax on his estate.
The Prince voluntarily paid £5m in tax on his £18m income from the duchy in 2011, at the full 50% rate after expenses.
The entire duchy estate is worth over £750m. The Prince paid £4m in income tax and VAT on...