The former Tory politician was last May jailed for 12 months after cheating the public purse out of £11,277 with bogus claims for travel costs.
He now has no income and has been struggling to find work after ‘losing his good name’, the Bar Standards Board heard.
The 59-year-old had retained his status as a barrister despite not having practised since he became a member of the House of Lords.
Disbarring him for ‘conduct discreditable to a barrister’, Judge Nicholas Riddell said the regulator ‘requires complete honesty and the greatest integrity as regards all members of the bar.’
‘Criminal behaviour of this seriousness is, in our view to a high degree, discreditable to a barrister, whether or not he was practising at the time,’ Judge Riddell said.
‘We regretfully are clearly of the opinion that the commission of this offence is incompatible with his continued membership of the bar, despite all the mitigation we have heard and taken account of.’
Before entering politics, Taylor had practised as a lawyer in Oxford and the midlands for 17 years.
Mohammed Khamisa QC, defending, told the panel Taylor had ‘suffered quite enough’ after his conviction on the criminal charges.
‘He told me, “what more has God, has society, got in store for me?”.
‘He has lost the only thing that he had: his good name – he really hasn’t got very much money, and is living through the benevolence of friends and family.
‘What you are dealing with is a single error of judgement in an otherwise distinguished life.
‘He has been a role model and continues to be.’
Taylor was convicted of six counts of false accounting following a trial at Southwark Crown Court last May.
He had falsely registered a house in Oxford as his main residence, enabling him to claim expenses for travel to-and-from London, and for overnight stays in the capital.
His previous crimes: http://eotp.org/?s=Lord+Taylor&x=0&y=0