The actress Sophia Loren at Royal Ascot in 1966.
The actress Sophia Loren at Royal Ascot in 1966.
The actress Sophia Loren at Royal Ascot in 1966.
The actress Sophia Loren at Royal Ascot in 1966.

Ascot at 300: A Royal occasion celebrating great racing and high fashion


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From the heels and hats of the Dubai World Cup to the WAG-style perma-tans of the Grand National, racing fashion always offers bright colour, daring millinery and a bevy of beauties ready to pose for those cameras. But they all owe their popularity to one long-established occasion, one of the world's most prestigious race meetings: Royal Ascot.

Royal Ascot is not only the most celebrated meeting on the British racing calendar - and popular in the Gulf among those who follow the fortunes of the thoroughbreds owned by members of the royal families. It is also synonymous in the sporting and social world with fashion and style, which often obscures the fact that it offers some of the finest racing to be found anywhere in the world. Without Ascot, the chiffons and feathers of the Dubai World Cup would be a lot less extravagant, and the milliners of Melbourne, for whom the Melbourne Cup is bread and butter, might well find themselves out of business.

In attendance this year, looking elegant in top hats and morning dress, were Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai (whose wife Princess Haya donned some fine millinery for the occasion), Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, and Sheikh Hamdan bin Rashid, Deputy Ruler of Dubai and UAE Minister of Finance. The meeting, traditionally attended by Queen Elizabeth ll, ended yesterday. It celebrated the 300th anniversary of the historic racecourse founded by Queen Anne in 1711

The event's unique dress etiquette and celebration of millinery is fundamental to the identity of Royal Ascot. To mark its 300-year history, that other quintessentially British institution, Vivienne Westwood, was invited to present her vision of Ascot's heritage. The grand dame of British fashion, who in her early days was better known for tearing up the rule books than for sticking to them, demonstrated her knowledge and passion for fashion history in a series of outfits that encapsulate and celebrate the different eras of the Royal Meeting. Nowadays, she says she regards rules as "a challenge rather than a hindrance". In collaboration with the influential milliner Stephen Jones, Westwood's couture designs range from a Victorian-era Charles Frederick Worth-inspired dyed silk taffeta gown worn with a "poker" bonnet, to a glamorous black and white 1920s-style coat worn with a tulle veil. There is a red 1940s-style guipure lace suit that would look elegant on the grass lawns of Ascot today and a glamorous black and white gown and quilled hat that pay homage to the Edwardian splendour of Cecil Beaton's designs in 1954 for the celebrated black-and-white Ascot scene in My Fair Lady. (Beaton had been inspired by the famous "Black Ascot" of 1910, held a month after the death of Edward VII, one of Ascot's greatest royal patrons. The Daily Mirror described the striking monochrome scene: "The occupants of the Royal Enclosure were in black… save for where ladies wore white flowers or had strings of pearls as the only ornament.")

Looking back through the archives it is clear that some traditions are deeply embedded in history and one of them is the time ladies would spend planning the finery that they parade on Ascot's famous lawns. In the 1860s, Consuela, Duchess of Marlborough, wrote that she found Ascot week "very tiring… fortunes were yearly spent on dresses selected as appropriate to a graduated scale of elegance which reached its climax on Thursday; for fashion decreed that one should reserve one's most sumptuous toilette for the Gold Cup day".

In Queen Anne's day, fashion was much influenced by the royal court of Louis XIV at Versailles, with big Watteau necklines and wide pannier skirts, but it was Queen Anne's maid of honour, Miss Forester, who caused a furore by wearing a man's riding habit. The early Georgian kings were not particularly interested in horses and racing but that didn't stop Georgiana, the sartorially adventurous Duchess of Devonshire, arriving at Ascot, 60 or so years after Queen Anne, with her hair piled high with a galleon, stuffed birds or some such magnificent head apparel perched on top.

Even today there is a side of Ascot that attracts the truly outlandish hats beloved of newspaper editors, Louis Mariette's Marie Antoinette headpiece on the opening this year being a case in point (see Oasis, page 6). Another example was the late Mrs Shilling who, for 30 years, preened and posed for the cameras wearing elaborate hats designed by her son, the milliner David Shilling, including such wonders as the Eiffel Tower or a giraffe's head. The former royal milliner Freddie Fox is often quoted as attributing hat wearing's survival to "royal patronage and the institution of race meetings".

From the early crinolines to the infamous hot pants in the 1970s, it is not surprising that over the centuries the fashions have attracted as much comment as the horses. In 1922 The Times correspondent wrote that "Ascot is notoriously the best place in England to see beautiful women in beautiful clothes."

The British fashion designer Amanda Wakeley says in her foreword to James Sherwood's new book Fashion at Royal Ascot (Thames & Hudson), "I attended my first Royal Meeting in my 20s and because of my passion for fashion, I made a point of researching the dos and don'ts of the Royal Enclosure. In those days, the rules of engagement were definitely stricter: no trouser suits, no open-toe shoes and you had to wear tights or stockings. Those rules have relaxed slightly and I don't consider that a bad thing." However, she likes the fact that the rules have been laid down by the court and that "this quintessentially British occasion has not allowed standards to slip."

Traditionally, those wishing for Royal Enclosure badges must be recommended by those who have been members for at least four years and the badges can only be acquired by writing to Her Majesty's Representative at the Ascot Authority.

The dress code is imposed for the Royal Enclosure but is largely endorsed by all racegoers at the Royal Meeting. Women wear hats and dresses and all men are required to wear suits. It is a code that influences a number of other meetings on the UK racing calendar with many, from the Cheltenham Gold Cup to the Hennessy Gold Cup, introducing a Ladies Day. The Grand National has become a favourite among the WAGs, with fake tans and maxi-dresses that are more suited to summer in Ibiza than Aintree in April. The Derby in early June, however, is always stylishly attended and this year the new Duchess of Cambridge demonstrated that it is as perfectly possible to look elegant in high street as it is in couture.

The Queen Mother and Princess Margaret were always beautifully turned out for Royal Ascot. In recent years, however, it is in the Queen's style that fashion critics have noted a new elegance. On the opening day this year she was in a gently refreshing mint-coloured coat and matching hat, subtly setting the tone for fashion at Ascot in its 300th year. Expect soft petals to be de rigueur at the rest of the season's meetings.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Five expert hiking tips
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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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