Carr admits 'I've made a terrible error of judgement'
Comedian Jimmy Carr has admitted he made a "terrible error of judgement" over his tax arrangements.
Smart politicians grasp public anger over tax avoidance
Jimmy Carr did not break the law, but he exemplifies the feeling that the rich live by different rules than the rest of us.
Carr in firing line as Cameron takes on tax avoidance
The Government has re-stated it will crack down on the shady world of tax avoidance. Laws to do so may now be fast-tracked.
Live updates
No 10 'looking into' releasing ministers' tax returns
The Press Association's Political Correspondent James Tapsfield tweeted that Downing Street is looking into whether ministers will have to disclose their tax returns.
No10 says still "looking into" releasing ministers' tax returns, but "not a v near future thing"
From @JamesTapsfield on Twitter:Carr co-star jokes about 'quiet news week'
Jimmy Carr is due to record an episode of the Channel 4 show 8 Out Of 10 Cats today. The comedian Jon Richardson, one of the team captains on the show, has tweeted this:
Off to record 8 Out Of 10 Cats. Always difficult in a quiet news week.
From @RonJichardson on Twitter:Advertisement
Miliband adviser: PM should now look at his own party on tax
Stewart Wood, a shadow cabinet minister and adviser to Labour leader Ed Miliband, has tweeted that David Cameron should now look at those in his party that use tax avoidance schemes:
Now that Jimmy Carr has apologised, I expect Cameron will be moving on to those in his party & social circles who also use tax avoidance.
From @StewartWood on Twitter:Carr admits 'I've made a terrible error of judgement'
Comedian Jimmy Carr has admitted he made a "terrible error of judgement" over his tax arrangements.
Read the full storyJimmy Carr's apology for tax avoidance scheme in tweets
I now realise I’ve made a terrible error of judgement.
From @jimmycarr on Twitter: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),
From @jimmycarr on Twitter:I’m no longer involved in it and will in future conduct my financial affairs much more responsibly. Apologies to everyone. Jimmy Carr
From @jimmycarr on Twitter:Carr's apology for tax avoidance scheme in tweets
I appreciate as a comedian, people will expect me to ‘make light’ of this situation, but I’m not going to in this statement
From @jimmycarr on Twitter:as this is obviously a serious matter.
From @jimmycarr on Twitter:I met with a financial advisor and he said to me “Do you want to pay less tax? It’s totally legal.” I said “Yes.”
From @jimmycarr on Twitter:Advertisement
Report: Treasury Minister 'welcomes' Carr decision
treasury minister david gauke has just told the BBC he 'welcomes the decision' from jimmy carr
From @robindbrant on Twitter:Jimmy Carr: 'I now realise I've made a terrible error of judgement'
In a statement released on his Twitter page comedian Jimmy Carr wrote:
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 advisor 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 judgement.
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.
How the K2 scheme works to cut tax bills
Jimmy Carr is said to be one of more than 1,000 beneficiaries who shelter some £168 million from the taxman each year using the scheme called K2. HM Revenue and Customs said the K2 scheme was already under investigation.
The Times explains how K2 works - and has undercover footage of people who run it.
Smart politicians grasp public anger over tax avoidance
Jimmy Carr did not break the law, but he exemplifies the feeling that the rich live by different rules than the rest of us.
Read the full storyToday's top stories
