• Red Bull driver Max Verstappen crosses the finish line to win the Emilia Romagna Grand Prix at the Imola racetrack in Italy on Sunday, April 18, 2021. AP
    Red Bull driver Max Verstappen crosses the finish line to win the Emilia Romagna Grand Prix at the Imola racetrack in Italy on Sunday, April 18, 2021. AP
  • Max Verstappen of Red Bull Racing celebrates winning the Emilia Romagna GP on Sunday. Getty
    Max Verstappen of Red Bull Racing celebrates winning the Emilia Romagna GP on Sunday. Getty
  • Race winner Max Verstappen of Red Bull Racing celebrates after winning the Emilia Romagna GP. Getty
    Race winner Max Verstappen of Red Bull Racing celebrates after winning the Emilia Romagna GP. Getty
  • Mercedes driver Lewis Hamilton finished second at Imola on Sunday. AP
    Mercedes driver Lewis Hamilton finished second at Imola on Sunday. AP
  • Third placed Lando Norris of McLaren in Imola. Getty
    Third placed Lando Norris of McLaren in Imola. Getty
  • Lewis Hamilton during the Emilia Romagna GP. Getty
    Lewis Hamilton during the Emilia Romagna GP. Getty
  • Ferrari's Charles Leclerc races at Imola on Sunday. Reuters
    Ferrari's Charles Leclerc races at Imola on Sunday. Reuters
  • Lance Stroll of Aston Martin in Imola. Getty
    Lance Stroll of Aston Martin in Imola. Getty
  • Fernando Alonso in the pit lane. Getty
    Fernando Alonso in the pit lane. Getty

Max Verstappen wins chaotic Emilia Romagna Grand Prix after Lewis Hamilton hits trouble


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Max Verstappen won a thrilling Emilia Romagna Grand Prix after Lewis Hamilton ran off the road and George Russell and Valtteri Bottas were involved in a huge 200mph crash.

Verstappen, who got the jump on pole-sitter Hamilton following a brilliant start in wet conditions at Imola, held his nerve as the chaos unfolded behind him.

Hamilton was in pursuit of Verstappen after switching to dry rubber, but the world champion made an uncharacteristic mistake, sliding into the gravel at the left-handed Tosa corner.

He managed to reverse out of the sand trap before stopping for repairs and fighting back from ninth to finish second. Lando Norris finished third for McLaren following a fine drive by the young Briton.

The race was red-flagged for 30 minutes on lap 34 when British driver Russell and Bottas collided at high speed.

After admonishing Bottas on the radio, Russell marched over to confront the winded Finn, leaning into his Mercedes cockpit and slapping him on the helmet. The flashpoint is being investigated by the stewards.

Verstappen should have won in Bahrain three weeks ago but for an illegal move on Hamilton for the win, while a mistake on his final lap in qualifying cost him pole in Imola.

But the Dutchman delivered a largely faultless display in the inclement conditions to take his 11th career win in a season which has started with two classic races.

Following rain an hour before the race, the drivers started on wet rubber, and it was Verstappen, third on the grid, who executed a perfect getaway.

Racing past Red Bull team-mate Sergio Perez, he moved to the inside of Hamilton at the opening corner, with the latter running over the kerbs.

Hamilton claimed Verstappen did not leave him enough room, but the stewards looked at the incident and decided an investigation was not needed.

The safety car was then deployed when Nicholas Latifi lost control of his Williams in the tricky conditions and smashed into the wall. Moments later, Mick Schumacher also crashed, this time on the pit straight.

The racing resumed on lap seven, and Verstappen quickly established a five-second lead over Hamilton.

But by the time the leading pair changed over to slick tyres on lap 27, with Verstappen the first to change, Hamilton had reduced the gap to under two seconds.

But a slow stop for Hamilton ensured he left the pits five seconds behind his rival.

He then set about chasing Verstappen, but while putting a lap on Russell, he fell off the track. In attempting to rejoin the circuit he damaged his front wing before selecting reverse and finding his way back on to the asphalt.

"So sorry, guys," a deflated Hamilton said over the radio.

As he limped back to the pits, Russell and Bottas collided and the race was stopped to clear the debris.

Russell was attempting to pass Bottas around the outside of the Finn's Mercedes on the 200mph run down to the opening corner in Imola. But the Williams driver dipped his front-right tyre on to the damp grass, causing him to lose control of his Williams and crash into Bottas.

Once the debris was cleared the race started again and as Verstappen cruised off into the distance, Hamilton set about his recovery job.

He passed five drivers in 21 sensational laps, taking Norris around the outside of the first corner with three laps remaining to cross the line in second, 22 seconds behind Verstappen. Charles Leclerc finished fourth for Ferrari ahead of team-mate Carlos Sainz.

Hamilton set the fastest lap to claim a bonus point. He leads Verstappen in the championship by a single point.

Jurassic%20Park
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Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
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  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
Company%20profile%20
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Company%20profile
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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

%E2%80%98White%20Elephant%E2%80%99
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jesse%20V%20Johnson%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Michael%20Rooker%2C%20Bruce%20Willis%2C%20John%20Malkovich%2C%20Olga%20Kurylenko%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Rawat Al Reef, Adrie de Vries (jockey), Abdallah Al Hammadi (trainer)

5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m; Winner: Noof KB, Richard Mullen, Ernst Oertel

6pm: Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Seven Skies, Bernardo Pinheiro, Qaiss Aboud

6.30pm: Handicap (PA) Dh80,000 (T) 2,200m; Winner: Jabalini, Szczepan Mazur, Ibrahim Al Hadhrami

7pm: UAE Arabian Derby – Prestige (PA) Dh150,000 (T) 2,200m; Winner: Dergham Athbah, Richard Mullen, Mohamed Daggash

7.30pm: Emirates Championship – Group 1 (PA) Dh1,000,000 (T) 2,200m; Winner: Somoud, Richard Mullen, Jean de Roualle

8pm: Abu Dhabi Championship – Group 3 (TB) Dh380,000 (T) 2,200m; Winner: Irish Freedom, Antonio Fresu, Satish Seemar

FULL%20RESULTS
%3Cp%3E%3Cstrong%3EMiddleweight%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EEslam%20Syaha%20(EGY)%20bt%20Robin%20Roos%20(SWE)%20%0D%3Cbr%3E%3Cstrong%3E%0D%3Cbr%3EWelterweight%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EAlex%20da%20Silva%20(BRA)%20bt%20Bagyash%20Zharmamatov%20(KGZ)%20%0D%3Cbr%3EMurodov%20Samandar%20(TJK)%20bt%20Lucas%20Sampaio%20(BRA)%20%0D%3Cbr%3EShakhban%20Alkhasov%20(RUS)%20bt%20Salamat%20Orozakunov%20(KGZ)%0D%3Cbr%3EKhotamjon%20Boynazarov%20(UZB)%20bt%20Mikail%20Bayram%20(FRA)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EBantamweight%20%3C%2Fstrong%3E%0D%3Cbr%3EJieleyisi%20Baergeng%20(CHN)%20bt%20Xavier%20Alaoui%20(CAN)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EFlyweight%20%3C%2Fstrong%3E%0D%3Cbr%3ERashid%20Vagabov%20(RUS)%20bt%20Lun%20Qui%20(CHN)%20%0D%3Cbr%3EYamato%20Fujita%20(JPN)%20bt%20Furkatbek%20Yokubov%20(UZB)%20%0D%3Cbr%3EAaron%20Aby%20(WLS)%20bt%20Joevincent%20So%20(PHI)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20176lb%20%3C%2Fstrong%3E%0D%3Cbr%3EMark%20Hulm%20(RSA)%20bt%20Erkin%20Darmenov%20(KAZ)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20160lb%20%3C%2Fstrong%3E%0D%3Cbr%3ERustam%20Serbiev%20(BEL)%20bt%20Anar%20Huseyinov%20(AZE)%20%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ECatchweight%20150lb%20%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EIslam%20Reda%20(EGY)%20bt%20Ernie%20Braca%20(PHI)%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EFlyweight%20(women)%3C%2Fstrong%3E%20%0D%3Cbr%3EBaktygul%20Kurmanbekova%20(KGZ)%20bt%20Maria%20Eugenia%20Zbrun%20(ARG)%20%0D%3Cbr%3E%3C%2Fp%3E%0A

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

The specs
Engine: 2.5-litre, turbocharged 5-cylinder

Transmission: seven-speed auto

Power: 400hp

Torque: 500Nm

Price: Dh300,000 (estimate)

On sale: 2022 

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

Business Insights
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4.35pm: Tilal Al Khalediah
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6.20pm: West Acre
7pm: Flood Zone
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Specs%3A%202024%20McLaren%20Artura%20Spider
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Tomb%20Raider%20I%E2%80%93III%20Remastered
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COMPANY%20PROFILE
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Racecard
%3Cp%3E5pm%3A%20Al%20Bateen%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(Turf)%202%2C200m%3Cbr%3E5.30pm%3A%20Al%20Khaleej%20%E2%80%93%20Maiden%20(PA)%20Dh80%2C000%20(T)%201%2C400m%3Cbr%3E6pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh70%2C000%20(T)%201%2C400m%3Cbr%3E6.30pm%3A%20Al%20Nahyan%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%3Cbr%3E7pm%3A%20Al%20Karamah%20%E2%80%93%20Handicap%20(PA)%20Dh80%2C000%20(T)%201%2C600m%3Cbr%3E7.30pm%3A%20Al%20Salam%20%E2%80%93%20Handicap%20(TB)%20Dh80%2C000%20(T)%201%2C400m%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

Baby Driver

Director: Edgar Wright

Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James

Three and a half stars