• Everton's Gylfi Sigurdsson takes a free kick which hits Arsenal's David Luiz. AP
    Everton's Gylfi Sigurdsson takes a free kick which hits Arsenal's David Luiz. AP
  • Arsenal's David Luiz reacts during the match. EPA
    Arsenal's David Luiz reacts during the match. EPA
  • Arsenal manager Mikel Arteta looks dejected. Reuters
    Arsenal manager Mikel Arteta looks dejected. Reuters
  • Arsenal's Rob Holding scores an own goal to put Everton 1-0 up. PA
    Arsenal's Rob Holding scores an own goal to put Everton 1-0 up. PA
  • Everton's Dominic Calvert-Lewin celebrates their first goal. Reuters
    Everton's Dominic Calvert-Lewin celebrates their first goal. Reuters
  • Arsenal's Nicolas Pepe, second right, celebrates after scoring his side's goal.. AP
    Arsenal's Nicolas Pepe, second right, celebrates after scoring his side's goal.. AP
  • Arsenal's Nicolas Pepe of Arsenal scores from the penalty spot to make it 1-1. EPA
    Arsenal's Nicolas Pepe of Arsenal scores from the penalty spot to make it 1-1. EPA
  • Yerry Mina of Everton celebrates the winner. Getty
    Yerry Mina of Everton celebrates the winner. Getty

'Unacceptable' - Mikel Arteta admits Arsenal are hurting after defeat at Everton marks fifth loss in seven


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Arsenal manager Mikel Arteta admits their current run of results is unacceptable and do not meet the high standards the club has set.

The 2-1 defeat at Everton was their fifth defeat in seven and their worst points return - 14 from 14 matches - since 1974-75.

They have lost eight times in total and only bottom side Sheffield United have a worse record and it has put Arteta, who marks his one-year anniversary at the club on Sunday, under pressure.

And he accepts they have to turn things around before the situation becomes "impossible".

"I understand (the scrutiny) but my energy and focus is only on getting the team out of the situation," he said.

"The spirit and fight the boys show every time they go on the pitch you can see, you cannot deny that.

"Against the results there is no question it is not good enough and not acceptable for the standards of this football club.

"Obviously it is a really complicated situation but I am very encouraged from what I see from the players who to try to continue what they are doing.

"We have to improve but as well I think we have been very unlucky not to pick up many more points.

"We have done well in the Europa League and in the cups but struggled to get results in the Premier League.

"The way the boys reacted in the dressing room tells me they have the belief. When you lose lots of games for different reasons it hurts a lot.

"The reason we are losing matches is because the margins are so small but we need (to change) those margins quickly before the situation becomes impossible."

Arsenal registered just three shots on target in the whole game and their form up front was not helped by the absence of Pierre-Emerick Aubameyang who was missing with a calf problem.

The Gabon striker could miss the Christmas programme.

"We want him as quickly as possible. He has a small strain and will need a few days. I don't know if it is a week or two weeks, it depends how the injury goes."

Everton boss Carlo Ancelotti also marks his one-year anniversary on Monday but after three wins in eight days his side are riding high in second place.

"I think we are doing really well in this season," he said.

"This season we started better and now we are in a good position in the table and we showed in the last three games a lot of consistency, a lot of spirit and we have to be pleased by what we are doing now."

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
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Key facilities
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Bio

Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind. 
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.

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

The specs: 2018 Mazda CX-5

Price, base / as tested: Dh89,000 / Dh130,000
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The Uefa Awards winners

Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)

Uefa Women's Player of the Year: Lucy Bronze (Lyon)

Best players of the 2018/19 Uefa Champions League

Goalkeeper: Alisson (Liverpool)

Defender: Virgil van Dijk (Liverpool)

Midfielder: Frenkie de Jong (Ajax)

Forward: Lionel Messi (Barcelona)

Uefa President's Award: Eric Cantona

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