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.

Latest Stories

12:44
American journalist James Foley while covering the civil war in Aleppo, Syria (AP Photo/freejamesfoley.org, Nicole Tung, File)

The SAS is closing in on the man known as ‘John’, suspected of being from London, who brutally executed US journalist James Foley.

Read more
Ishak Ayiris is set to study at Eton College.  Photograph by Lucy Ray

A schoolboy who secured top marks in his GCSEs is set to follow in the footsteps of David Cameron and Boris Johnson after winning a scholarship to Eton worth £76,000.

Read more
9 minutes ago
The former PCSO contacted the Sun newspaper to inform them a supermodel was about to be arrested for assault (Photo illustration by Dan Kitwood/Getty Images)

An ex-PSCO in Westminster is facing jail after admitting contacting the Sun to tell them a supermodel was attending a police station in London accused of assault

Read more

Quirky London

Quizzes

James Bond is Britain’s most famous secret agent, and the capital is its most famous city, so it makes sense that 007 would live and work here when he isn’t gallivanting around the world.

Read more
Can you find the animals hiding in London station names? (Photo by Peter Macdiarmid/Getty Images)

You may not realise it but there are animals hiding in stations across London? Play our quiz and see if you can you find them:

Read more
Can you guess the Tube station just from the outside? (Photo by Oli Scarff/Getty Images)

How well do you know your Tube stations? Can you guess these Underground stops from the pictures taken outside them?

Read more