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
Queen Elizabeth II Centre events for between 40 and 1,300 delegates. It also has 2,000 square metres of exhibition space. The Centre is a very successful venue hosting over 400 meetings each year and returning an annual dividend to the Exchequer, thus not reliant on the taxpayer for financial support. Exhibition centres in London include: Queen Elizabeth II Centre The Queen Elizabeth II Centre is a conference facility located in the City of Westminster, London, close to the Parliament of the United Kingdom. The site now occupied by the Queen Elizabeth II Centre was previously occupied by several buildings. At the northern end of