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Creative accounting

(11 Posts)
Toula Fri 26-Jun-26 13:29:15

If you ask AI how much you earn in order to pay £12m in tax, computer says you earn between £26-£27m pa. King pays £12.9 million in tax 24/25. PoW paid £7.76m for same year. Kate got told off once for spending £1m in one day on clothes. Sums just don't add up, and I am not an accountant.

butterandjam Fri 26-Jun-26 14:05:25

I've told HMRC there's no need for me to faff around online with that self-assessment tax calculator thingy.

Just ask AI, which knows everything about my finances.

M0nica Fri 26-Jun-26 18:03:18

I assume you have access to a special AI that has access to the King's confidential financial records. AI can only tell you how much income accounts for how much tax if it knows the source of all your funds, the various schemes it ualifies for, what allowances he gets etc etc.

I would imagine the AI you spoke to just did an extended PAYE calculation.

Sago Fri 26-Jun-26 18:11:26

Toula

If you ask AI how much you earn in order to pay £12m in tax, computer says you earn between £26-£27m pa. King pays £12.9 million in tax 24/25. PoW paid £7.76m for same year. Kate got told off once for spending £1m in one day on clothes. Sums just don't add up, and I am not an accountant.

Can you evidence that the Princess of Wales was berated for spending 1million on clothes?

mumofmadboys Fri 26-Jun-26 20:16:15

It would help if the media didn't descibe Catherine's clothes in such ridiculous detail. She always looks marvellous. I wish she would rewear the clothes she has like the rest of us do.

Casdon Fri 26-Jun-26 20:27:40

To be fair, mumofmadboys she does. That bright yellow number she wore at Ascot that everybody was talking about was on its third public outing, she’d worn before it at Wimbledon and on a royal tour of Jamaica. She also wears high street fashion quite often.

Casdon Fri 26-Jun-26 20:28:16

Worn it before, not worn before it, sorry.

crazyH Fri 26-Jun-26 20:33:08

One million pounds in clothes - oh wow !
Changing universities was a good move !

Casdon Fri 26-Jun-26 20:47:28

To set the record straight, this is what AI says:

Kate did not spend £1 million on clothes in a single year, though it is widely estimated that her initial, foundational royal wardrobe following her 2011 wedding cost around that amount

Annual estimates indicate she typically spends between £100,000 and £190,000 on new clothing and accessories in high-profile years.

Her wardrobe costs are categorized as follows:The Costliest Years:
In 2022, she wore new clothing valued at roughly £176,000 across dozens of engagements.Mixed Spending:
Some periods, such as early 2025, saw spending figures drop to around £70,000 .

Funding: These wardrobe costs are covered by the private funds of the Prince of Wales, derived from the profits of the Duchy of Cornwall estate.High & Low Mix: To manage the overall cost of her wardrobe, she frequently rewears outfits and mixes high-end designer labels with affordable, high-street brands.

Nell82 Fri 26-Jun-26 20:57:36

I'm surprised Catherine's designers charge her anything for their clothes. They receive massive publicity when she's photographed wearing them.

Sago Fri 26-Jun-26 22:19:13

My daughter was a director of a company that has supplies clothes for Kate, Zara and Autumn Phillips etc.

They all pay full price and once in the press sales go crazy.

They get requests for a selection then go to KP and hope for the best.

It’s great the Royals are ambassadors for British brands.