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, April 24, 2015
Fire in High Street, Edgware

Four fire engines have been called to attend a huge fire on the High Street in Edgware.

Friday, April 24, 2015
The Focus E15 housing campaigners are setting up a hairdressing salon with the slogan

Housing campaigners from Newham are offering free hair cuts tomorrow as their launch their “Cut homes not hair” protest.

Friday, April 24, 2015
We have censored part of this image

Keith Fraser, the UKIP prospective parliamentary candidate for Hackney North and Stoke Newington has apologised after retweeting an Islamophobic cartoon which looks similar to Charlie Hebdo’s depictions of the Prophet yesterday morning.

Friday, April 24, 2015
Police want to talk to this woman about the incident

Police have released an image of a woman they want to speak to after a Muslim woman wearing a head scarf was racially abused on a Piccadilly line train.

Friday, April 24, 2015
Google street view image of North End Road.

A 94-year-old woman is fighting for her life today after she was hit by a people carrier in north London.

What is this?

Near You Now

Don't Miss...

We have censored part of this image

Keith Fraser, the UKIP prospective parliamentary candidate for Hackney North and Stoke Newington has apologised after retweeting an Islamophobic cartoon which looks similar to Charlie Hebdo’s depictions of the Prophet yesterday morning.