UK prime minister Boris Johnson attends a Covid-19 news conference at 10 Downing Street on March 8, 2021 in London, England. Getty Images
UK prime minister Boris Johnson attends a Covid-19 news conference at 10 Downing Street on March 8, 2021 in London, England. Getty Images
UK prime minister Boris Johnson attends a Covid-19 news conference at 10 Downing Street on March 8, 2021 in London, England. Getty Images
UK prime minister Boris Johnson attends a Covid-19 news conference at 10 Downing Street on March 8, 2021 in London, England. Getty Images

Boris Johnson warns against coronavirus complacency


Soraya Ebrahimi
  • English
  • Arabic

British Prime Minister Boris Johnson said on Monday that the latest Covid-19 data was positive but people should still be cautious about the possibility of a new surge in cases.

"I agree that there are some encouraging signs," Mr Johnson said. "But the whole point is, remember where we were last summer.

"We had the disease down to levels much below where it is today and then we saw what happened with the spike."

The government on Monday took its first major step in easing lockdown restrictions by reopening schools.

“Today we’ve been able to take that crucial first step on what we hope is our cautious but irreversible roadmap to freedom,” Mr Johnson said. “The overwhelming feeling is one of relief.”

More than one third of the UK population has received a first dose of the coronavirus vaccine as deaths from the disease continue to fall.

Britain is leading Europe with its vaccination programme and aims to offer inoculations to all adults by the end of July.

Shops and some pubs can reopen on April 12.

Deputy chief medical officer Dr Jenny Harries said the vaccine campaign was causing deaths to decline more rapidly than other indicators, such as case numbers and hospital admissions, but she warned about the risk of another wave.

Dr Harries said that testing children for the virus would take time to settle down, and that she was optimistic schools would not have to close again.

“There may be a very short period at the start of this programme where everybody gets used to it, and a larger number of children come out of school,” she said.

“It’s really important that when observing this, people think through the next three to four weeks, not the first one to two.”

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
UAE and Russia in numbers

UAE-Russia ties stretch back 48 years

Trade between the UAE and Russia reached Dh12.5 bn in 2018

More than 3,000 Russian companies are registered in the UAE

Around 40,000 Russians live in the UAE

The number of Russian tourists travelling to the UAE will increase to 12 percent to reach 1.6 million in 2023

PREMIER LEAGUE RESULTS

Bournemouth 1 Manchester City 2
Watford 0 Brighton and Hove Albion 0
Newcastle United 3 West Ham United 0
Huddersfield Town 0 Southampton 0
Crystal Palace 0 Swansea City 2
Manchester United 2 Leicester City 0
West Bromwich Albion 1 Stoke City 1
Chelsea 2 Everton 0
Tottenham Hotspur 1 Burnley 1
Liverpool 4 Arsenal 0

MAIN CARD

Bantamweight 56.4kg
Abrorbek Madiminbekov v Mehdi El Jamari

Super heavyweight 94 kg
Adnan Mohammad v Mohammed Ajaraam

Lightweight 60kg
Zakaria Eljamari v Faridoon Alik Zai

Light heavyweight 81.4kg
Mahmood Amin v Taha Marrouni

Light welterweight 64.5kg
Siyovush Gulmamadov v Nouredine Samir

Light heavyweight 81.4kg
Ilyass Habibali v Haroun Baka

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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

Chinese Grand Prix schedule (in UAE time)

Friday: First practice - 6am; Second practice - 10am

Saturday: Final practice - 7am; Qualifying - 10am

Sunday: Chinese Grand Prix - 10.10am

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