View the article online at http://citywire.co.uk/new-model-adviser/article/a661631
From the bar to behind bars: lawyer gets three years for tax fraud
by Brian Cantwell on Feb 26, 2013 at 13:05
A barrister convicted of tax fraud for failing to pay more than £600,000 in VAT has been sentenced to three and a half years in prison.
Last week New Model Adviser® reported that Rohan Pershad, 44, of London, was convicted of tax fraud after HM Revenue and Customs (HMRC) investigators found he had failed to declare or pay £627,839 of VAT for 12 years.
Pershad, who practiced in London, spent the cash on two luxury homes in Surrey and Somerset, and private school fees for his children.
HMRC director of criminal investigation Donald Toon said: ‘Pershad’s 12 year history of tax evasion was blatant theft from the public purse.
‘He thought he was above the law, but someone in his profession should have known better than to try to cheat the system, as HMRC will not stand by while criminals try to cheat the taxpayer.
‘Declaring and paying VAT that is due is a legal requirement - not a lifestyle choice - so we are pleased that justice has been served and he will spend the next three and half years behind bars.’
When interviewed, Pershad wrongly assumed he could just get away with paying the VAT due and that no further action would be taken.
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