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

Wednesday, July 1, 2015
Reading in 30 degree heat on the Serpentine yesterday (Picture: PA images)

London will be hotter than Athens and Barcelona today as temperatures are set to hit 35 degrees, leading to urgent health warnings and a AA prediction that our roads could melt.

Wednesday, July 1, 2015
Fire and smoke billowing up in Leyton (Picture: Amie Keeley)

Over 70 firefighters tackled a giant blaze near Leytonstone High Road Overground station after a car workshop containing gas cylinders caught fire this evening.

Wednesday, July 1, 2015
Archway Underground Station (Picture: Commons/Sunil Prasannan)

A 15-year-old who was stabbed in broad daylight outside Archway Underground Station this morning managed to travel to East Finchley before being taken to hospital, police said.

Wednesday, July 1, 2015
Joni Clarke in her niqab (Picture: Fixers)

A young London Muslim wearing a niqab suffered ‘several’ attempts to run her over and had a cigarette thrown at her in a daily barrage of abuse.

Wednesday, July 1, 2015
Burst pipe shoots a jet of water into the air (Picture: Miklos Kiss)

A mains pipe burst in Tooting, south London this morning blasting a jet of water 50ft into the air on the hottest day of the year.

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