The decision confirms the findings of a GMC fitness-to-practise panel in February this year, which had investigated charges of dishonesty and misleading conduct.
Dr Wakefield's research findings, published in The Lancet in 1998, led to a drop in MMR vaccination rates and a rise in measles cases as well as confrontations between GPs and the parents of babies due for their MMR jabs.
The GMC panel found in February that Dr Wakefield acted unethically and that his behaviour in respect of The Lancet paper was 'dishonest and irresponsible'.
Today the GMC added: 'It made findings of dishonesty in regard to his writing of a scientific paper that had major implications for public health, and with regard to his subsequent representations to a scientific body and to colleagues.
'He was dishonest in respect of the Legal Aid Board funds secured for research as well as being misleading. Furthermore he was in breach of his duty to manage finances as well as to account for funds that he did not need to the donor of those funds.
'In causing blood samples to be taken from children at a birthday party, he callously disregarded the pain and distress young children might suffer and behaved in a way which brought the profession into disrepute.'