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

Friday, March 27, 2015
The app has rapidly become both widespread and controversial [Photo by Sergi Alexander/Getty Images for SOBEWFF]

The fate of the popular car-booking app hangs in the balance as TfL asks the High Court to decide if it is operating illegally in the capital.

Friday, March 27, 2015
The news means at least nine girls travelled to, or wanted to travel to, Syria after attending the coeducational academy [Image from Google StreetView]

The High Court has banned five teenage girls from travelling abroad after they expressed an interest in going to Syria – just weeks after three of their schoolmates left to join the Islamic State.

Friday, March 27, 2015
Mr Packman went missing from the Dennis Scott Unit of Edgware Community Hospital in 2012 [Photograph from Metropolitan Police]

A young man who was receiving treatment at a mental health unit in Enfield has absconded, and police have warned the public not to approach Joshua Packman if they see him.

Friday, March 27, 2015
The roof of the double deck bus was torn off by the impact of the collision (Pic: Twitter/David Marsh)

Eleven children were injured when the roof of the double decker bus they were travelling in was ripped off after crashing into a bridge, ambulance services have confirmed.

Friday, March 27, 2015
McDonagh has been jailed for four years [Photograph from Metropolitan Police]

A conman has been jailed for locking a 90-year-old man in his basement in order to burgle his Fulham home.

What is this?

Near You Now

Don't Miss...