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, July 3, 2015
Lewisham Hospital (Picture: PA Images)

A woman from south-east London broke her elbow, went to A&E in Lewisham and then wrote this heartwarming ‘complaint’ letter to NHS staff about her time in hospital.

Friday, July 3, 2015
Police want to talk to this man about the incident in Liverpool Street

A 12-year-old girl is ‘traumatised’ after being sexually assaulted by a drunk pervert at Liverpool Street station last night.

Friday, July 3, 2015
Azelle Rodney was shot dead 10 years ago (Photo: PA Wire)

A Met marksman who who blasted suspected armed robber Azelle Rodney six times at close range 10 years ago has been cleared of his murder.

Friday, July 3, 2015
Back to school time (Picture: The Art of Dining)

Claptonwill call the register and tick off a school dinners themed pop-up restaurant offering posh grub, homework and a milk monitor to east Londoners

Friday, July 3, 2015
Ruby the pygmy goat (Picture: RSPCA)

An adorable pygmy goat has been found roaming through St. Helier park, Carshalton and the RSPCA are now appealing for help to trace her owner.

What is this?

Near You Now

Don't Miss...

Competitions

Good times with Greenall's!

Good times with Greenall’s, a Great British gin sponsors Great British racing.

Read more
Escape to the picturesque sights of Cornwall

Summer is finally here, and what is the number one holiday location in the UK during the warmer months? Cornwall, of course!

Read more
Adrenalin junkies, this one's for you!

An icon of British engineering and a consistent favourite of James Bond, there are few names quite as legendary in motoring as Aston Martin.

Read more