Maggie Keenan, 90, received the first Covid shot outside a clinical trial, in the UK, on December 8, 2020. PA
Maggie Keenan, 90, received the first Covid shot outside a clinical trial, in the UK, on December 8, 2020. PA
Maggie Keenan, 90, received the first Covid shot outside a clinical trial, in the UK, on December 8, 2020. PA
Maggie Keenan, 90, received the first Covid shot outside a clinical trial, in the UK, on December 8, 2020. PA

Covid vaccines saved 20 million lives in one year


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About 20 million lives around the world were saved thanks to Covid-19 vaccines in the first year of the inoculation programme, according to new estimates.

The first Covid shot outside a clinical trial was administered in the UK to Maggie Keenan, 90, on December 8, 2020. She was given a Pfizer/BioNTech dose.

Experts set out to gauge the impact in the year after she received her vaccine by assessing information across 185 countries.

Researchers, led by academics at Imperial College London, concluded that more deaths were prevented in wealthy countries — with an estimated 12.2 million lives saved in high and upper-middle income countries.

It is estimated that at least 66 per cent of the world's population has received at least one shot.

Overall, 19.8 million deaths were prevented in the first year after vaccines were introduced, the new research suggests.

The paper, published in the journal Lancet Infectious Diseases, also suggests that a further 600,000 deaths could have been prevented if the World Health Organisation's target of vaccinating 40 per cent of the population in every country by the end of 2021 had been met.

“Covid-19 vaccination has substantially altered the course of the pandemic, saving tens of millions of lives globally,” the authors wrote.

“However, inadequate access to vaccines in low-income countries has limited the impact in these settings, reinforcing the need for global vaccine equity and coverage.”

Researchers used data and estimates on vaccination rates, Covid-19 deaths and excess death records.

Experts from Johns Hopkins University in Baltimore, in the US, have estimated that about 6.3 million people have died from Covid-19 around the world.

The university's Covid tracker suggests that there have been more than 540 million cases of the virus globally.

Meanwhile, some 11.6 billion shots have been delivered.

“Our findings offer the most complete assessment to date of the remarkable global impact that vaccination has had on the Covid-19 pandemic,” Dr Oliver Watson, lead author of the study from Imperial College London, said.

“Of the almost 20 million deaths estimated to have been prevented in the first year after vaccines were introduced, almost 7.5 million deaths were prevented in countries covered by the Covid-19 Vaccine Access initiative (Covax).

“This initiative was set up because it was clear early on that global vaccine equity would be the only way out of the pandemic.

“Our findings show that millions of lives have likely been saved by making vaccines available to people everywhere, regardless of their wealth.

“However, more could have been done. If the targets set out by the WHO had been achieved, we estimate that roughly one in five of the estimated lives lost due to Covid-19 in low-income countries could have been prevented.”

Steve Russell, head of the vaccination programme for the UK's National Health Service said: “The world watched as the NHS delivered the first covid-19 vaccine outside of clinical trials to Maggie Keenan in December 2020, shortly followed by the first AstraZeneca vaccine just a month later.

“It is now fantastic to see the impact of the speed and precision of the NHS covid-19 vaccination rollout, how it contributed to saving hundreds of thousands of lives across the country but also paved the way for the rest of the world to follow our lead.”

What is type-1 diabetes

Type 1 diabetes is a genetic and unavoidable condition, rather than the lifestyle-related type 2 diabetes.

It occurs mostly in people under 40 and a result of the pancreas failing to produce enough insulin to regulate blood sugars.

Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.

Being overweight or obese increases the chances of developing the more common type 2 diabetes.

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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

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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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Updated: June 24, 2022, 9:53 AM