‘British barrister dodges £620,000 tax’

The barrister, Rohan Pershad QC, from Hammersmith in west London, vanished off the Inland Revenue’s radar in 1999, when he stopped paying tax even though he carried on charging his clients for VAT, British media reported.

Pershad QC is said to have accumulated illicit profits, by which he bought properties in Surrey and Somerset that cost more than £1.5m, according to reports.

Blackfriars crown court, in London, unanimously convicted the barrister of cheating the public revenue after more than nine hours of deliberations. He was released on bail until sentencing on 26 February.

During the nine-day trial, jurors heard that most barristers are self-employed and are legally required to pay their own VAT. Pershad, however, stopped doing so shortly before he moved to Thirty Nine Essex Street chambers.

“Through all of that time, he was collecting the VAT. It’s just that for that period of 12 years, whilst it was being collected in, it wasn’t being accounted for or handed over as VAT”, said Andrew Marshall prosecuting.

“It provided him, if you think about it, with a private, tax-free income because VAT was not being paid. This money, it stayed with Mr Pershad”, Marshall said.

His online CV depicted a lawyer with a “particular expertise in fraud cases”, Marshall added. “This is a man that is used to looking at other people’s business and dissecting it and finding fault in it,” he told jurors.

Pershad, who was called to the bar in 1991 and was made QC in 2011, specialized in financial disputes, professional negligence and insurance cases.

Last month, the Director of Public Prosecutions, Kier Starmer, QC, warned that prosecuting tax evasion should be a priority since it is not a victimless crime. It is estimated to cost the British economy £14billion a year in lost revenue.

MOL/HN/HE

Source Article from http://www.presstv.ir/detail/2013/02/12/288585/british-barrister-dodges-620000-tax/

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