Lewis Hamilton said he was "very proud of everybody" in the Mercedes team despite a season to forget for the seven-time Formula One world champion.
Hamilton endured a tough campaign in 2022, finishing without any pole positions or wins for the first time in his career and placing sixth in the F1 drivers' standings, 35 points behind fourth-placed teammate George Russell.
His DNF at the season-ending Abu Dhabi Grand Prix on Sunday perhaps summed up his year as Hamilton retired with three laps remaining with a suspected hydraulic issue. He was running fourth before he was forced into the pit lane.
“Ultimately, I think we started with a car that we didn’t want and we finished with a car that we didn’t want but we were basically stuck with it," Hamilton, 37, said. "We kept trundling way, kept working away at improving it, but I think the fundamentals have still been there until the end, as you saw this weekend.
“It’s been more of a team building exercise this year and I’m very, very proud of everybody. Whilst we’re not celebrating a world championship, we’ll be celebrating them still for their hard work and efforts.
“I hope that the struggles this year really provide us with the tools and the strength to fight for many more championships moving forward.”
There was plenty of reason for optimism from the Mercedes garage ahead of the Abu Dhabi Grand Prix following a fine showing in Brazil, where Russell stormed to his maiden F1 victory and Hamilton claimed second.
However, they were once again outclassed by Red Bull and Ferrari, with Russell taking fifth almost 36 seconds behind race winner and world champion Max Verstappen.
Asked for his thoughts on the first winless season of his career, Hamilton said: "I always believed right to the last race that there was potentially a chance, I think it's important to hold on to hope.
"I gave it everything and the last race was almost like the whole season, sums up the whole year and I'm glad it's done.
"It would have been nice to have a win. One win is not really enough. I feel like this year when we got our first fifth it felt like a win; first fourth, it felt like a win; first podium, it felt like a win. The seconds really felt like we'd achieved something, so I just hold on to those."
Hamilton said he will now take the off-season as a chance to rest and recharge.
“I think right now I’m not looking forward to another year or anything like that, I’m looking forward to putting now my energy into my family, and to just getting back and seeing the family," he said. "I haven’t seen them for a while – and yeah, just relaxing, being healthy, staying positive."
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BEACH SOCCER WORLD CUP
Group A
Paraguay
Japan
Switzerland
USA
Group B
Uruguay
Mexico
Italy
Tahiti
Group C
Belarus
UAE
Senegal
Russia
Group D
Brazil
Oman
Portugal
Nigeria
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
hall of shame
SUNDERLAND 2002-03
No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.
SUNDERLAND 2005-06
Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.
HUDDERSFIELD 2018-19
Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.
ASTON VILLA 2015-16
Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.
FULHAM 2018-19
Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.
LA LIGA: Sporting Gijon, 13 points in 1997-98.
BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66
