• Kevin Manning rides Poetic Flare to victory at the 2000 Guineas Stakes at Newmarket on Saturday. Getty
    Kevin Manning rides Poetic Flare to victory at the 2000 Guineas Stakes at Newmarket on Saturday. Getty
  • Kevin Manning and Poetic Flare won the 2000 Guineas Stakes at Newmarket. Getty
    Kevin Manning and Poetic Flare won the 2000 Guineas Stakes at Newmarket. Getty
  • Kevin Manning won with Poetic Flare in Newmarket. Getty
    Kevin Manning won with Poetic Flare in Newmarket. Getty
  • Poetic Flare wins the2000 Guineas Stakes ahead of Master Of The Seas. PA
    Poetic Flare wins the2000 Guineas Stakes ahead of Master Of The Seas. PA
  • Poetic Flare, ridden by jockey Kevin Manning, on the way to winning the 2000 Guineas Stakes. PA
    Poetic Flare, ridden by jockey Kevin Manning, on the way to winning the 2000 Guineas Stakes. PA
  • Kevin Manning, riding Poetic Flare, won the 2000 Guineas Stakes at Newmarket . Getty
    Kevin Manning, riding Poetic Flare, won the 2000 Guineas Stakes at Newmarket . Getty

Godolphin's Master Of The Seas puts up a fight in 2000 Guineas at Newmarket


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  • Arabic

Poetic Flare edged out Godolphin’s Master Of The Seas in a thriller to clinch the 2000 Guineas at Newmarket on Saturday.

The Jim Bolger-trained Dawn Approach colt, under veteran jockey Kevin Manning, had his head in front after a ding-dong battle to the line to deny William Buick the first English classic prize of the season.

Jessica Harrington’s Lucky Vega was a further neck down in third and Godolphin’s Naval Crown, who led most of the way, stayed on to take fourth spot.

The success also provided the Irish pair Manning, 54, and Bolger, 79, with a second 2000 Guineas success, following Poetic Flare's sire Dawn Approach's victory in the race in 2013.

“It's a great training performance, he's done nothing wrong all along this horse and was impressive in the Guineas trial at Leopardstown,” Manning said.

“I knew he'd come forward from then and I made no secret that I fancied him. He's just a proper horse, I really thought that he would win today. The plan was always to have this guy come here and thankfully it's worked out.”

Dawn Approach made an unsuccessful bid in the Derby after his success in the 2000 Guineas, and Manning is not certain that Poetic Flare could follow in his footsteps.

“I'm not sure, he was a little bit keen with me today for the first furlong or two,” Manning said when asked if Poetic Flare would stay the one and-a-half mile Derby trip.

“I'll sit down with Jim and have a chat but I can't see why he won't stay a mile and a quarter.”

Buick held Master Of The Seas in the rear before making steady headway from the halfway mark. He briefly led over a furlong out but the Charlie Appleby-trained runner just failed at the line.

Appleby and Buick completed a double earlier with Creative Force taking the opener, a Class 2 handicap, and Lazuli landing the Group 3 Palace House Stakes.

Lazuli, who broke the course record over the same five-furlong distance in the Group 3 World Trophy at Newbury in September, raced in third before quickened a furlong out to win from Came From The Dark by a neck.

“Lazuli came into this race fresh and well,” Appleby said of the four-year-old son of Dubai.

“We were due to run him again in Dubai but he unfortunately had a stone bruise on the eve of the race, so we were forced to miss that engagement.

“It took him a while to come right but we maintained his training again just before he flew back to the UK. He had a penalty today and I felt it was a good performance. William feels that Lazuli is likely to come forward for the race in terms of fitness.

“I haven’t really thought beyond today’s race. He is probably a Group 2 horse and, if he got the rub of the green, he might just pull something out in Group 1 company. He is a handy little horse to have around.”

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

'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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