Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Advertisement

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

About the author:

Read next:

COMMENTS (67)