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 Coronation Award Queen Elizabeth II Coronation Award The Queen Elizabeth II Coronation Award is an honour presented annually by the Royal Academy of Dance, to people who have made a significant contribution to the ballet and dance industry. The award was instituted by Dame Adeline Genee in 1953, to mark the coronation of Queen Elizabeth II and her appointment as Royal Patron of the Academy. The first winner of the award was Dame Ninette de Valois, founder of the Royal Ballet, Birmingham Royal Ballet and Royal Ballet School. The award has since been presented to a number of notable people, and is