Barrister convicted for £600k VAT fraud
A barrister who failed to pay more than £600,000 in VAT was convicted for tax fraud this week.
HMRC investigators found that Rohan Pershad, 44, from London failed to declare or pay £627,839 of VAT for 12 years.
Pershad, who practices in London, spent the cash on two luxury homes in Surrey and Somerset and private school fees for his children, according to HMRC.
Pershad was deregistered for VAT by the Revenue in February 2000 following a history of failure to submit tax returns and to tell HMRC about a change of address.
This meant he was unable legally to trade above the VAT threshold, which was between £54,000 in 2001 and £67,000 in 2008.