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

Yesterday, 18:02
The chair appears to move of its own accord - or perhaps there is a ghostly explanation?

The spooky goings on apparently took place just hours after a psychic medium took to the stage in Romford. Coincidence? Almost certainly...

Read more
Yesterday, 14:28
People enjoy the Royal Victoria beach as temperatures reaches 28C in London.

This weekend saw London’s biggest manmade beach open at the Royal Victoria Dock in Canning Town.

Read more
Yesterday, 13:50
Nightcapp was born when Graham's friends got fed up with him waking them up late at night for recommendations for bars [Image courtesy of Nightcapp]

It’s surprising how much it happens in this global city: last orders comes before you’re ready for it, and you’re left with the choice of finding a 24-hour off-license or getting the nightbus whilst disconcertingly sober.

Read more

Quirky London

Quizzes

The prize is glory (Photo by Dan Kitwood/Getty Images)

It used to be Manhattan that was famous for its majestic skyline, but now our fair city is catching up. Do you know your Shard from your Heron Tower?

Read more
Test your London musical knowledge with our album quiz (Images via Getty)

Does your music knowledge stretch from The Rolling Stones to Rudimental, Spandau Ballet to Siouxsie and the Banshees? If so then test it out with our London bands quiz:

Read more
How much do you really know about QPR legends like Les Ferdinand? Picture: Neal Simpson/EMPICS Sport

Test your knowledge of QPR’s greatest players with our fantastic legends quiz.

Read more