Santa's tax nightmare revealed
Taxman rifles through Santa's sack as Father Christmas struggles with the new income shifting rules
Santa Claus is making a list and checking it twice – for his tax return.
Tenon and Chartered Institute of Taxation tax expert Andrew Hubbard has
imagined how Santa might be managing his tax compliance this year – for the
family-owned business he runs giving out presents to children the world over.
In an article for AccountancyAge.com, Hubbard outlines
the processes Santa has to go through, and reveals that even if you are a cuddly
kind-hearted figure like Father Christmas, there’s no escape from HM Revenue