Finances of the British royal family are not subject to legislation concerning income tax, capital gains tax or inheritance tax. Furthermore, the Sovereign has no legal liability to pay such taxes. The Duchy of Cornwall has a Crown exemption and the Prince of Wales is not legally liable to pay income tax on Duchy revenues. A "Memorandum of Understanding on Royal Taxation" was published on 5 February 1993 and amended in 1996, 2009 and 2013. It is intended that the arrangements in the memorandum will be followed by the next monarch. The memorandum describes the arrangements by which The Queen and The Prince of Wales make
Elizabeth R: A Year in the Life of the Queen also depicted with her mother, Queen Elizabeth, the Queen Mother, on Derby Day at Epsom in the film. The film mostly received positive reviews, including those from the Queen herself. The Queen organized a party for the crew at Buckingham Palace after watching the film before its public broadcast. It gained the largest audience for a documentary in the history of British television and was watched by more than half of the British population in 1992. The film won an award. Robert Hardman of "the Spectator" argued that Antony Jay, the script writer, redefined the function of the British Monarch