Concept cars. Don't you just love 'em? Those (usually) four-wheeled teases that show just how creative manufacturers of even the most boring cars can be when they put their minds to it. Every motor show throughout every year sees more and more outlandish styling exercises. And you know something? I've had enough of all this show and no-go.
Just take a long, lingering look at the Ford Evos concept. It's stunning, yet it'll likely never make it to production. Instead, we will no doubt see echoes of some of its design cues in the next Mondeo, Fiesta and all the rest.
But can you imagine, if Ford actually went to the effort of building an affordable car for the masses that looked EXACTLY like the Evos, how many it would sell?
It would be the next Beetle. It would sell so spectacularly well that the motoring landscape would be changed forever.
But no. Ford will reject calls to build the Evos on the grounds that it would be commercially impossible to build a mass-produced model with such a complex design.
I understand that. But ditch the fancy door openings, give it a slightly more realistic (yet still futuristic) interior and, really, what's stopping them? Ford, sort it out - it's recession-proof.
And yet there's hope. Some models we see on the roads today did start life as pure styling concepts.
Peugeot's RCZ, Audi's R8 and the brand new Range Rover Evoque.
The public and media, understandably, went nuts for them and the respective manufacturers had no choice but to supply the demand.
They practically had their hands forced and every time I see one it brightens up my day. We need more.
But in case you're thinking that all cars start life as motor show conceptual design studies, you should be aware that's not the case.
Back in January 2007, for instance, Jaguar blew everyone away with the C-XF at the Detroit Motor Show.
I saw it a couple of months later in Geneva and was similarly gobsmacked. But when the actual XF was revealed much later that year I was entirely disappointed.
It was good looking all right, it just could have been more dramatic, had more visual impact. The production version should have looked like the "concept".
The truth of the matter is that the XF's styling had been approved and signed off at least two years before the C-XF broke cover.
The "concept" was the result of some of Jaguar's designers enjoying some free rein, away from the constraints of commercial sensibility.
They had some fun with it and it showed. And, surprise surprise, the XF's mid-life styling refresh has revealed some of the very design elements that made the C-XF so visually arresting.
Sticking with Jaguar for a moment, at least one genuine concept has been given the green light for production: the glorious C-X75.
But back to the Evos. It's obvious that Ford has no intention of building it, so this concept car will simply serve to garner a few headlines in the press before it's consigned to the history books as a "could have, should have" moment.
But perhaps, if the groundswell of public and critical opinion is sufficiently powerful, Ford will have to give us the next Beetle. I live in hope.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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UAE currency: the story behind the money in your pockets
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Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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