Gordon Banks was trending on Twitter on Sunday. It is 14 months since England’s finest goalkeeper breathed his last, but the death of his deputy meant Banks’ name circulated around social media again. Peter Bonetti was mourned eloquently by Chelsea, the club he represented 729 times, with tributes led by Ron Harris and John Terry, the only other players to make 700 appearances for them, and Petr Cech, the goalkeeper who passed his clean-sheet record.
In the wider world, however, Bonetti is remembered in the context of Banks. He is the latest of England’s World Cup winners to go although, after being unused in the 1966 tournament, his medal was awarded belatedly 43 years afterwards.
His solitary World Cup game was England’s last as officially the best team on the planet. Banks went down with food poisoning the night before the quarter-final against West Germany. Manager Alf Ramsey was so desperate for him to play he gave him the most perfunctory of fitness tests, only for Banks to fall ill again. Nervous, distracted by off-field issues, Bonetti played, though teammates Nobby Stiles and Francis Lee thought Alex Stepney should have done instead. England were 2-0 up when Bonetti dived over a Franz Beckenbauer shot. Perhaps he was culpable for Gerd Muller’s winner, too.
"There, so eloquent in its absence, was the value of a goalkeeper such as Banks," wrote Bobby Charlton in My England Years; his England years came to an abrupt end with his substitution in Leon. He never played for his country again. Nor did Bonetti. The 1970 squad was thought by some, Alan Ball included, to be stronger than their 1966 counterparts, but the greatest prize eluded them.
The rarity of World Cups mean they can be decisive. Careers are overshadowed by one moment on the global stage. For a later England goalkeeper, Rob Green, it was a more glaring blunder against the United States in his only match, in 2010. For a succession of players, it has been a missed penalty; Chris Waddle blazed over against the Germans in 1990, which is far likelier to figure in the first line of his obituary than his terrific performance in the preceding 120 minutes. There is often no chance of redemption: Bonetti was 28 in 1970 and 40 and retired by the time England even played another World Cup match.
Even in annual competitions, perhaps only the elite and the fortunate get a second shot. Didier Drogba, sent off in Chelsea’s 2008 Champions League final loss, scored the equaliser and the winning penalty in the 2012 shootout. But the nature of goalkeeping means mistakes can be costly. Loris Karius’ traumatic 2018 Champions League final is a case in point; for him, realistically, there will not be a second.
Bonetti illustrates the unfairness of defining a two-decade career by one moment or one game. Chelsea’s obituary did not mention England in the first 17 paragraphs, instead concentrating on his part in winning the 1965 League Cup, the 1970 FA Cup and the 1971 Cup Winners’ Cup, their first European trophy; until the last 25 years, no player had won more for Chelsea.
He was a pioneer of goalkeeping gloves and the club’s first goalkeeping coach; short for a keeper, his athleticism earned him the nickname ‘the Cat’ and, until Cech signed, there was no doubt he was the club’s greatest ever shot-stopper. That both Cech and Terry, two of a much younger generation, used the words “gentleman” and “legend” to describe Bonetti speak of his personality and his achievements.
It can be tempting to reduce a footballing life to one day. Bonetti shows how wrong it can be.
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
GAC GS8 Specs
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'Moonshot'
Director: Chris Winterbauer
Stars: Lana Condor and Cole Sprouse
Rating: 3/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
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On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
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
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances