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

Monday, June 1, 2015
[Photo PA Images]

Taking a driving test is a moment many people remember for life. The pressure, the nerves, the laughs from friends if you fail. Today the driving test is 80 years old, it was made compulsory on June 1 1935.

Monday, June 1, 2015
[Photo David Levene]

Art-loving Londoners get the chance to spend the night on laser equipped beds at the Hayward Gallery.

Monday, June 1, 2015
Nathan Mayers

Police are appealing for help to find a 13-year-old boy with asthma who went missing from Hackney yesterday.

Monday, June 1, 2015
[Photo Sarah Blee]

Open Gardens Squares Weekend will see allotments and stately homes open their gates for two days only.

Monday, June 1, 2015
Two new train strikes are planned for June 4 and June 9  (Photo by Cate Gillon/Getty Images)

Planned rail strikes have been suspended after talks over a pay deal, the arbitration service Acas has said.

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