Barrister guilty of tax £600k fraud spent money on luxury homes

HM Revenue and Customs (HMRC) investigators found that Rohan Pershad, 44, of London had failed to declare or pay £627,839 of VAT for 12 years. Pershad, who practices in London, instead spent the cash on two luxury homes in Surrey and Somerset, and private school fees for his children. Pershad was deregistered for VAT by HMRC 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. However, his self assessm...