Business ETC uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more »
Dublin: 17 °C Tuesday 21 May, 2013

Jimmy Carr apologises for ‘terrible error of judgement’ over tax avoidance scheme

Carr had been protecting £3.3 million annually by channelling funds through a Jersey-based company.

Image: Ian West/PA Wire/Press Association Images

BRITISH COMEDIAN Jimmy Carr has apologised for a “terrible error of judgement” over his involvement in a tax avoidance scheme.

Carr had been protecting £3.3 million annually by channelling funds through a Jersey-based company called K2, which returned the money in the form of loans, thereby avoiding the payment of income tax.

The scheme is legal.

Carr has been lambasted for his involvement in the scheme – with Prime Minister David Cameron describing his actions as “morally wrong” on Wednesday, reports the Guardian.

Tweeting about the matter earlier today, Carr said he was no longer involved in the scheme and vowed to conduct his financial affairs “more responsibly” in the future.

Jimmy Carr apologises for ‘terrible error of judgement’ over tax avoidance scheme
1 / 7
  • Jimmy Carr apologises

  • Jimmy Carr apologises

  • Jimmy Carr apologises

  • Jimmy Carr apologises

  • Jimmy Carr apologises

  • Jimmy Carr apologises

  • Jimmy Carr apologises

Read: 6 memorable moments from 50 years of the Late Late Show

Read next:

Comments (67 Comments)

Add New Comment