Congratulations to HMRC, for winning the 2014 Golden Bull Award presented by the Campaign For Plain English for ''the worst examples of written tripe''.
As per the Campaign For Plain English:
"Our Golden Bull winners, too, were of a typically high standard. We’ve once more carefully selected the worst of the year’s written tripe. This is never an easy task. But, after sifting through countless examples of dire communication, we have settled on a select awful few."Well done HMRC!
Here is the entery that won it the gong:
"Can I switch from flexible drawdown to capped drawdown?Gongs all round (eh Lin?;))!
[Schedule 165 (3B) Finance Act 2004]
No – the test on whether or not you qualify for flexible drawdown is only at the start of flexible drawdown. The decision to move to flexible drawdown is irrevocable under the tax rules and you can't lose the ability to take drawdown pension using flexible drawdown. Once you are in flexible drawdown it is for you and your scheme administrator to decide how much you take out and how often. The amounts drawn under flexible drawdown may be similar to or different from the amounts allowed under capped drawdown. However, there are tax consequences if you subsequently make contributions to or resume active membership of any registered pension schemes after taking flexible drawdown."
Tax does have to be taxing.
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