British comedian Jimmy Carr is to pay an estimated £500,000 tax bill after quitting a controversial offshore tax avoidance scheme, the Daily Mirror newspaper reported.
His company is now paying full corporation tax in the UK. Last year he was one of several celebrities exposed for using the \'morally wrong\' – but perfectly legal – K2 scheme, based in Jersey, to cut his tax bill to one percent of his earnings.
The comic\'s latest accounts for his business, FN Good Ltd, for the year ending April 2013 revealed it made a £2.5 million profit. The tax bill is ba...