Jimmy Carr issues tax plan Twitter apology

16:10 21 June 2012

Jimmy Carr PIC: Ian West/PA Wire

Jimmy Carr PIC: Ian West/PA Wire

Jimmy Carr admitted he made a “terrible error of judgment” over his tax arrangements and apologised for his actions.

The comedian, who is said to have used an aggressive but legal tax-avoidance scheme, spoke out after Prime Minister David Cameron called his tax dodging “morally wrong”.

Carr was apologetic on micro-blogging site Twitter: “I appreciate as a comedian, people will expect me to ‘make light’ of this situation, but I’m not going to in this statement as this is obviously a serious matter.

“I met with a financial adviser and he said to me ‘Do you want to pay less tax? It’s totally legal’.

“I said ‘Yes’.

“I now realise I’ve made a terrible error of judgment.

“Although I’ve been advised the K2 Tax scheme is entirely legal, and has been fully disclosed to HMRC (Her Majesty’s Revenue and Customs), I’m no longer involved in it and will in future conduct my financial affairs much more responsibly.

“Apologies to everyone.”

Carr’s statement came amid reports that he had bought his £8.5 million three-storey home in north London outright and had not taken out a mortgage.

Meanwhile, tax experts and politicians have outlined a series of changes to legislation and Government policy needed to tackle tax avoidance.

Richard Murphy, a chartered accountant and director of Tax Research UK, said the solution lies in introducing a principle which allows HM Revenue and Customs to strip out “artificial steps” and address the underlying economic “mismatch” between earnings and taxation.

Sign up for our news alerts today!

Our editors' picks for the day's top news delivered to your inbox or phone.

Sign up for email alerts Sign up for mobile alerts
1
2 3 4 5 6
7

Latest London news

Thursday, July 2, 2015
Forensic officers at the murder scene (Pic credit: Hannah McGrath)

A man has been shot dead near Wembley in the early hours of this morning.

Thursday, July 2, 2015
Sussex Gardens W2

A gas cylinder caught fire and ‘exploded’ in Paddington this afternoon, leading firefighters to create a 200 metre exclusion zone in the area which caused traffic chaos.

Thursday, July 2, 2015
Missing: Shaheed Forde-Bryan (Picture: Met Police)

Shaheed Forde-Bryan from Rainham, east London has not been home since Sunday June 14 and police are appealing for help to locate him.

Thursday, July 2, 2015
The Royal Free's air conditioning may have accidently been pumping out hot air instead of cold

Sick and elderly patients said they suffered “sauna-like” conditions while being treated for life-threatening illnesses at the Royal Free Hospital, Hampstead after air conditioning units stopped working yesterday.

Thursday, July 2, 2015
Em Ford was told she was 'digusting', 'gross' and 'ugly as f*ck'

A short video by a London-based former model who suffers from acne showing all the insulting comments people left on her blog has gone viral.

What is this?

Near You Now

Don't Miss...

Competitions

Good times with Greenall's!

Good times with Greenall’s, a Great British gin sponsors Great British racing.

Read more
Escape to the picturesque sights of Cornwall

Summer is finally here, and what is the number one holiday location in the UK during the warmer months? Cornwall, of course!

Read more
Adrenalin junkies, this one's for you!

An icon of British engineering and a consistent favourite of James Bond, there are few names quite as legendary in motoring as Aston Martin.

Read more