Royal Ascot fashion: Sheikh Hamdan, Camilla and Princess Beatrice dazzle crowds

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, looked dapper at Royal Ascot, Britain's most valuable horse racing meet, which runs until Saturday.

Wearing a sharp grey, shin-length morning coat with matching tie, top hat and darker grey trousers, Sheikh Hamdan shook hands with Camilla, Duchess of Cornwall, on Tuesday, as he received the trophy for Coroebus's win in the St James's Palace Stakes.

Scroll through the gallery below to see Sheikh Hamdan at Royal Ascot 2022

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, attends Royal Ascot. All photos: @faz3 / Instagram
Sheikh Hamdan bin Mohammed at Royal Ascot.
Sheikh Hamdan bin Mohammed attended the opening day of the event at Ascot Racecourse in Berkshire, England.
Sheikh Hamdan bin Mohammed at Ascot Racecourse.
Sheikh Hamdan bin Mohammed with Camilla, Duchess of Cornwall.
Sheikh Hamdan bin Mohammed with Prince Charles and Camilla.
Sheikh Hamdan bin Mohammed at Royal Ascot.
Sheikh Hamdan bin Mohammed at Royal Ascot.

Camilla, who wore an aqua-coloured coat dress while meeting Sheikh Hamdan on Tuesday, dazzled on day two of the meet in an all-white outfit with matching wide-brimmed hat, accessorised with a much-worn pearl choker and stud earrings.

She arrived with Prince Charles in the lead carriage for the royal procession, along with Vice Admiral Sir Tony Johnstone-Burt.

Sophie, Countess of Wessex, wore a blue lace dress with ruffles and a matching blue hat with floral adornment. She arrived in the second carriage with husband Prince Edward and Lord and Lady de Mauley.

Princess Beatrice, who arrived in the third carriage alongside husband Edoardo Mapelli Mozzi, also chose white for the second day. The form-fitting dress was topped with a blue and white flat top hat with slicked-back bun.

Scroll through the gallery below to see photos of day one at Royal Ascot

Zara Tindall was not in attendance on the second day, but for day one she chose a waist-cinching, pastel linen dress with puffed sleeves from Anna Mason, alongside a tilted white headpiece with pastel pom-poms.

Her husband, Mike Tindall, chose a grey suit with a pink shirt and lilac tie to match his wife's pastel outfit.

On Tuesday, Princess Beatrice wore a white and pink Zimmermann dress with florals, paired with a straw belt and clutch, a pair of pink pumps and a headband with a pink bow by Juliette Botterill Millinery.

By her side, Mapelli Mozzi donned a three-piece suit and black top hat.

The Countess of Wessex chose a pale pink ensemble with a wide-brimmed maroon hat, pearl-drop earrings and a pearl-encrusted brooch.

Queen Elizabeth II was notably absent on both days due to ongoing mobility issues.

Prince William and Kate were also not there on days one and two. The Duke and Duchess of Cambridge joined the local community at a Grenfell Tower memorial service in London on Tuesday for the fifth anniversary of the tragedy.

Scroll through the gallery below to see Britain's royal family on day one of Royal Ascot

Camilla, Duchess of Cornwall, and Prince Charles, Prince of Wales, in the parade ring during Royal Ascot 2022 at the Ascot Racecourse on June 14, 2022 in England. Photo: Getty Images for Ascot Racecourse
Birgitte, Duchess of Gloucester, and Princess Michael of Kent arrive by carriage during the Royal Procession ahead of day one of Royal Ascot.
Britain's Princess Anne arrives on day one of Royal Ascot, Britain's most valuable horse race meeting and social event, running from June 14 to 18. EPA
Princess Beatrice and Edoardo Mapelli Mozzi. PA via AP
Sophie, Countess of Wessex, is seen ahead of the races. Reuters
Zara Tindall arrives. EPA

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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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