Taylor was sent off for fouling Simon Davies in the 1-1 draw at White Hart Lane last month but the club appealed the decision and the Football Association referred the matter to their video review panel who decided there could have been a case for wrongful dismissal.
However, after an FA hearing at Soho Square the panel upheld referee Graham Barber's verdict on Taylor's red card and he will now serve an automatic ban.
FA spokesman Andrin Cooper said: "Footage of the incident was looked at by the video advisory panel, who felt there may have been a case for wrongful dismissal.
"But Taylor's appeal, heard today by a three-man commission, failed. So he will serve a one-match with immediate effect."