LOCH LOMOND // It is perhaps not as renowned globally as its bolder and older Scottish brothers of St Andrews, Carnoustie, Troon or even Muirfield, but there is an atmosphere attached to Loch Lomond, which will be the scene of the impending Barclays Scottish Open, that enabled large dollops of sunshine to illuminate the soul yesterday despite some really wretched rain.
Loch Lomond is far from the links-style course that will host the 137th Open Championship at Royal Birkdale in England next week, yet it has managed to etch its own niche in the golfing calendar.
As a forerunner to the Open for the past 11 years, it carries with it serious significance and, of course, brings with it the type of greenery and hilly peaks that act as a fitting backdrop to a European tour event dripping with class as well as the traditional downpours that always adorn a Scottish summer.
Loch Lomond looks like a course that is at one with the nature that surrounds it.
It was designed by the former Open champion Tom Weiskopf and Jay Morrish in the 1990s.
It is quintessentially a parkland circuit where emphasis is more on the target golf of the USPGA tour, rather than the thinking element of shot-making that will be deployed next week.
There remains a wonderful tale that has probably been trotted out every time Loch Lomond hosts a tour event but for the purpose of this organ, it is worth retelling.
Apparently, during the designing of this course, Weiskopf had to be dragged out of a bog resembling something akin to quicksand next to the testy 14th hole, but he lived to tell the tale.
His story ended with him stating his belief that at Loch Lomond, he had managed to create one of the finest courses in the world.
On these long, unremitting nights that are commonplace in the northern climes of Europe, it is hard to disagree.
In taking a glance at the fairways and greens, albeit soggy ones, one can easily detect that here is a course reeking of exclusivity. A member trying to play more than dozen times in a year on the main course, is usually rendered out of bounds. It is regarded as a club for the occasional use of members and their guests.
As a par 71 boasting more than 7,000 yards in length, it will provide a sturdy test for the professionals if the rain falls hard. The weather forecast suggests it will shroud the Loch from the first day of play tomorrow until Sunday, and could be as problematic as any of the holes the competitors will face.
After sporting times that brought us Spain's Euro 2008 success in football and the Wimbledon men's final in tennis between Roger Federer and Rafael Nadal, golf traditionally assumes centre stage at this point of the year in the UK. Loch Lomond has natural beauty, but also a natural arena to deliver similar drama.
Phil Mickelson, the former US Masters champion, was full of miscalculations when trying to complete victory in this tournament last year. He emptied a drive into reeds at the 18th hole, and lost a play-off to the unheralded Frenchman Gregory Havret.
With the imposing Rossdhu House acting as the clubhouse, Loch Lomond, which was the ancestral home of a Scottish clan, has hosted this event since 1996.
It is of little dispute that the Scottish Open and British Open segments of the year are alluring, but it is also worth noting that nobody has ever won at Loch Lomond and progressed to carry off the Open the following week. The winner of the British Open will not be known until Sunday week but in studying the cast of this year's tournament, he could be in our midst during this week.
Three of the world's top six in Mickelson, Ernie Els and Adam Scott will play. They all have previous here. Els has won the event twice, while Scott finished 12th behind the 2005 winner Tim Clark.
The injured Tiger Woods would not have attended even if fit. He usually preferring to work on his attributes on a links course in Ireland the week before the Open.
While there may be no Tiger, there are enough grouse, deers and eagles engulfing this stretch of land to make for some enchanting viewing. There is also the more serious business of a trophy, a winner's cheque worth £500,000 and Ryder Cup points available, which is of great interest to the Scot Colin Montgomerie as he strives to earn an automatic spot in Nick Faldo's European side.
The Abu Dhabi champion Martin Kaymer has withdrawn due to the death of his mum to cancer, while the Englishman Luke Donald is also resting an injury.
The highest-placed player in the top five at Loch Lomond who has not already gained a place at the Open will be also guaranteed a spot at Royal Birkdale.
These are a wonderful few weeks in golf, but there can never be a guarantee in these parts that the rain will stay away.
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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