The Duke of York.....
The Prince Edward.........................
The Princess Royal......
The Princess Margaret, Countess of Snowdon ......
Princess Alice,
Duchess of Gloucester
£
249,000
96,000
228,000
219,000
87,000
879,000
The amounts are those fixed by Parliament in The Civil List (Increase of Financial Provision) Order 1990 (SI 1990/2018) for the 10 years to, and including, 2000. The Queen will, from 1 April 1993, refund the cost of the above annuities, leaving the Consolidated Fund to carry only the cost of the annuities paid to Queen Elizabeth The Queen Mother and The Duke of Edinburgh. The reimbursements are intended to be permanent although, as a voluntary arrangement, it would be open to The Queen to suggest alternative proposals.
22. The Queen already reimburses the Consolidated Fund £636,000 each year for the cost of the annuities paid to the Duke of Gloucester, the Duke of Kent and Princess Alexandra under section 3 of the Civil List Act 1972. The aggregate amount which she will now reimburse is £1,515,000, to be paid no later than 30 November each year. The refund to the Consolidated Fund will reflect the sums in payment; refunds would be made pro rata if, for any reason, less than a full year's annuity was payable by the Consolidated Fund.
23. As a result of these new proposals, the voluntary arrangements in paragraph 15 of the report by the Royal Trustees of 15 October 1990, to accumulate surplus in a manner similar to that for The Queen, will now be brought to an end for the Royal Annuitants listed in paragraph
21.
Conclusion
24. The Government welcomes the offer made by The Queen and The Prince of Wales to pay tax on a voluntary basis and believes that the arrangements set out in the attached Memorandum of Understanding are a fair and appropriate way of achieving this, taking account as necessary of the unique circumstances of the Monarchy. The Government also welcomes Her Majesty's offer to pay the cost of the annuities for certain additional Members of the Royal Family. The Royal Trustees commend these arrangements for tax and the reimbursement of Parliamentary Annuities to the House, on behalf of The Queen and the Government.
5 February 1993
5
JOHN MAJOR NORMAN LAMONT SHANE BLEWITT
9