The Oxford-AstraZeneca and Pfizer-BioNTech vaccines have been approved for use in the UK. AFP
The Oxford-AstraZeneca and Pfizer-BioNTech vaccines have been approved for use in the UK. AFP
The Oxford-AstraZeneca and Pfizer-BioNTech vaccines have been approved for use in the UK. AFP
The Oxford-AstraZeneca and Pfizer-BioNTech vaccines have been approved for use in the UK. AFP

Supermarket chain Tesco offers to help with Britain’s vaccine programme


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Supermarket chain Tesco has offered to help administer coronavirus vaccines in Britain as politicians set ambitious targets for the nationwide inoculation campaign.

The retailer said its cold chain transport subsidiary, Best Food Logistics, had offered its network of refrigerated lorries and warehouses for the distribution of the Oxford University-AstraZeneca vaccine, which needs to be stored at temperatures between 2°C and 8°C.

Empty hotels and conference centres also offered their venues as makeshift vaccination clinics, newspaper The Telegraph reported.

AstraZeneca said it had the capacity to deliver two million doses of the vaccine to the UK each week.

Hopes are high that 24 million of the most vulnerable UK residents could be immunised by Easter, which will fall on April 4.

The government has yet to respond to the offers of help from the private sector.

But Health Secretary Matt Hancock said on Wednesday he was confident the National Health Service could handle the mammoth task despite the surging pressure on hospitals.

Meanwhile, Pfizer-BioNTech raised concern over the change to the delivery schedule of vaccines in the UK.

Both shots will be delivered as one dose followed by another up to 12 weeks later to extend some protection to as many people as possible.

The Pfizer-BioNTech vaccine, which is already in use, was previously delivered as two shots three weeks apart. But the companies that developed it said it was not designed to be delivered 12 weeks apart, and that doing so could adversely affect its efficacy.

“Data from the phase 3 study demonstrated that, although partial protection from the vaccine appears to begin as early as 12 days after the first dose, two doses of the vaccine are required to provide the maximum protection against the disease, a vaccine efficacy of 95 per cent,” the companies said.

“There is no data to demonstrate that protection after the first dose is sustained after 21 days.”

But Prof Peter Finn, who is a member of the Joint Committee on Vaccination and Immunisation, said it was “absurd to suggest the protection from the first dose evaporates after three weeks”.

"There really shouldn't be any concerns that somehow in the meantime they will stop being protected – there is really no plausible likelihood of that happening," he told BBC Radio 4's Today programme.

“On the positive side, it means many more people will receive the vaccine in this short and critical period.

“The overall protection against hospitalisation and severe disease will be maximised and that will protect us all.”

  • Britain's Prime Minister Boris Johnson wearing a protective face covering gestures as he leaves 10 Downing Street in London. AFP
    Britain's Prime Minister Boris Johnson wearing a protective face covering gestures as he leaves 10 Downing Street in London. AFP
  • People queue as they wait to receive a Covid-19 vaccine at London Bridge vaccination centre. Reuters
    People queue as they wait to receive a Covid-19 vaccine at London Bridge vaccination centre. Reuters
  • Heath Secretary Matt Hancock gives a thumbs up as he leaves Millbank in Westminster, central London, after the news that a Covid-19 vaccine from Oxford University and AstraZeneca has been approved for use in Britain. AP Photo
    Heath Secretary Matt Hancock gives a thumbs up as he leaves Millbank in Westminster, central London, after the news that a Covid-19 vaccine from Oxford University and AstraZeneca has been approved for use in Britain. AP Photo
  • A mask on the pavement near the entrance of a hospital on Westminster Bridge in London. AP Photo
    A mask on the pavement near the entrance of a hospital on Westminster Bridge in London. AP Photo
  • People queue andf wait to receive a Covid-19 vaccine at London Bridge vaccination centre. Reuters
    People queue andf wait to receive a Covid-19 vaccine at London Bridge vaccination centre. Reuters
  • People walk during the sunset ahead of the start of tier 4 restrictions in Newcastle. Reuters
    People walk during the sunset ahead of the start of tier 4 restrictions in Newcastle. Reuters
  • A cyclist wearing a protective face covering rides over London Bridge. AFP
    A cyclist wearing a protective face covering rides over London Bridge. AFP
  • A traffic information board advises drivers to keep their travel to local trips as traffic moves along the M80 motorway near Banknock, Scotland. AP Photo
    A traffic information board advises drivers to keep their travel to local trips as traffic moves along the M80 motorway near Banknock, Scotland. AP Photo
  • A NHS notice warns that Coronavirus is spreading at University College Hospital in central London. EPA
    A NHS notice warns that Coronavirus is spreading at University College Hospital in central London. EPA
  • People, some wearing a mask because of the coronavirus pandemic, walk past a bus stop with a government message urging people to stay home in London. AFP
    People, some wearing a mask because of the coronavirus pandemic, walk past a bus stop with a government message urging people to stay home in London. AFP
  • Paramedics prepare to remove a patient from an ambulance parked outside Guy's Hospital in London. AFP
    Paramedics prepare to remove a patient from an ambulance parked outside Guy's Hospital in London. AFP
  • A woman tries to make a snowman in the snow at Campsie Fells, Glasgow. EPA
    A woman tries to make a snowman in the snow at Campsie Fells, Glasgow. EPA
  • People walk past a roadside public health information sign in London. Reuters
    People walk past a roadside public health information sign in London. Reuters
  • A row of ambulances are parked outside the Royal London Hospital in London. AP Photo
    A row of ambulances are parked outside the Royal London Hospital in London. AP Photo
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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

The years Ramadan fell in May

1987

1954

1921

1888

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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