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, May 29, 2015
[Photo BBC]

An assault rifle used in seven unsolved murders in Northern Ireland has been found in an Imperial War Museum display cabinet.

Friday, May 29, 2015
[Photo Met Police]

An Ecuadorian studying at King’s College London sat next to the sleeping victim on the N13, put his hand down her jeans then led her off the bus and raped her in his Hampstead home.

Friday, May 29, 2015
London24 have edited the racist slur out of the photograph [Original photograph by Mel Hughes]

Herne Hill residents were disgusted to see racist graffiti appear on the walls of a local jazz bar this week.

Friday, May 29, 2015
[Photograph by Louise Holly]

All trains via Tulse Hill have been cancelled due to a bridge strike, affecting journeys to London Bridge, West Croydon, Peckham Rye, Herne Hill, Streatham and Crystal Palace.

Friday, May 29, 2015
[Photo Assemble and Simon Terrill]

The new sculpture playground is Brutalist - it is based on concrete playgrounds from the 1950s and 60s - but is made from reconstituted foam.

What is this?

Near You Now

Don't Miss...

Competitions

Time to expand with the LeefiBRIDGE.

More iOS memory in a flash: Introducing Leef iBRIDGE.

Read more
The sell out 2014 event 32 Londoners, returns to the Coca-Cola London Eye!

The Coca-Cola London Eye is proud to announce that 32 Londoners will be returning this June, following last year’s sell out event. The event will feature 32 talks, in each of the London Eye’s 32 capsules on 32 extraordinary Londoners.

Read more
You could take in stunning views of London over brunch at the Sky Garden

Celebrate lighter, brighter days with the chance of winning an indulgent brunch for two with a bottle of bubbles at Darwin, the cool and casual brasserie 36 floors up at Sky Garden.

Read more