R v Malcolm Tams, Newport Crown Court, 23rd October 2015

On Friday, 23rd October 2015, following a three week trial, Mr Tams was acquitted of a single count of cheating the public revenue. HMRC had alleged that Mr Tams had dishonestly failed to declare and pay a capital gains tax liability of approximately £1/2 million. It is understood that this prosecution was the first occasion in which cheating the public revenue had been brought as a charge by HMRC in relation capital gains tax. Mr Tams was represented by Mr Jonathan Elystan Rees of chambers.