• Footballers from Bourton Rovers created a splash during the annual River Windrush football match on Monday, in the Cotswolds village of Bourton-in-the-Water. The fixture has been taking place for more than 100 years. PA
    Footballers from Bourton Rovers created a splash during the annual River Windrush football match on Monday, in the Cotswolds village of Bourton-in-the-Water. The fixture has been taking place for more than 100 years. PA
  • On Monday, competitors took part in the 11th World Gravy Wrestling Championships in Rossendale, Lancashire. PA
    On Monday, competitors took part in the 11th World Gravy Wrestling Championships in Rossendale, Lancashire. PA
  • On Tuesday, forensics officers investigated the scene in Ladbroke Grove, west London, where a man, 21, was fatally stabbed at the Notting Hill Carnival. PA
    On Tuesday, forensics officers investigated the scene in Ladbroke Grove, west London, where a man, 21, was fatally stabbed at the Notting Hill Carnival. PA
  • Legoland Windsor Resort model maker Will Metcalfe finalised the display of Lego figures of the Duke and Duchess of Cambridge on Tuesday, to celebrate the royal couple moving to the area. PA
    Legoland Windsor Resort model maker Will Metcalfe finalised the display of Lego figures of the Duke and Duchess of Cambridge on Tuesday, to celebrate the royal couple moving to the area. PA
  • Aircraft carrier 'HMS Prince of Wales' sits off the coast of Gosport, Hampshire, on Tuesday, after it suffered a propeller shaft malfunction. PA
    Aircraft carrier 'HMS Prince of Wales' sits off the coast of Gosport, Hampshire, on Tuesday, after it suffered a propeller shaft malfunction. PA
  • A man wrapped in the British national flag and wearing a hat covered with pins of the British royal family holds a photo portrait of Britain's Princess Diana during a gathering in front of Kensington Palace, in central London, on August 31, 2022 on the 25th anniversary of the Princess of Wales's death. - Flowers and other tributes were laid on August 31, 2022 at princess Diana's former London home and above the Paris road tunnel where she lost her life, to mark the 25th anniversary of her death. The former Lady Diana Spencer, whose fairytale marriage to Prince Charles captivated the world until it publicly unravelled with infidelity and divorce, died in a car crash in the French capital on August 31, 1997. (Photo by CARLOS JASSO / AFP)
    A man wrapped in the British national flag and wearing a hat covered with pins of the British royal family holds a photo portrait of Britain's Princess Diana during a gathering in front of Kensington Palace, in central London, on August 31, 2022 on the 25th anniversary of the Princess of Wales's death. - Flowers and other tributes were laid on August 31, 2022 at princess Diana's former London home and above the Paris road tunnel where she lost her life, to mark the 25th anniversary of her death. The former Lady Diana Spencer, whose fairytale marriage to Prince Charles captivated the world until it publicly unravelled with infidelity and divorce, died in a car crash in the French capital on August 31, 1997. (Photo by CARLOS JASSO / AFP)
  • British Prime Minister Boris Johnson met with Sea Cadets on Wednesday, during a visit to BAE Systems in Barrow-in-Furness, north-west England, during his final week in office. PA
    British Prime Minister Boris Johnson met with Sea Cadets on Wednesday, during a visit to BAE Systems in Barrow-in-Furness, north-west England, during his final week in office. PA
  • Trainee guide dogs arrived at Guide Dogs' London training hub on Wednesday for their 'first day of school', as they begin their 25-week training course. PA
    Trainee guide dogs arrived at Guide Dogs' London training hub on Wednesday for their 'first day of school', as they begin their 25-week training course. PA
  • Striking Royal Mail workers at a picket line outside a depot in London, on Wednesday. EPA
    Striking Royal Mail workers at a picket line outside a depot in London, on Wednesday. EPA
  • Conservative leadership hopefuls Rishi Sunak and Liz Truss at the final Toy hustings on Wednesday evening, at Wembley Arena in London. The winner will be Britain's next prime minister. Getty
    Conservative leadership hopefuls Rishi Sunak and Liz Truss at the final Toy hustings on Wednesday evening, at Wembley Arena in London. The winner will be Britain's next prime minister. Getty
  • On Thursday, King's Cross station in London played host to a performance from the West End cast of 'Harry Potter and the Cursed Child', at the station's 'Back to Hogwarts' event. PA
    On Thursday, King's Cross station in London played host to a performance from the West End cast of 'Harry Potter and the Cursed Child', at the station's 'Back to Hogwarts' event. PA
  • On Friday, the band of the Irish Guards paraded at Wellington Barracks, central London, before commencing their first Guard Mount at Buckingham Palace. PA
    On Friday, the band of the Irish Guards paraded at Wellington Barracks, central London, before commencing their first Guard Mount at Buckingham Palace. PA
  • The Bolddog Lings FMX Display Team performed over Chatsworth House on Friday, as part of the Chatsworth Country Fair in Bakewell, Derbyshire. PA
    The Bolddog Lings FMX Display Team performed over Chatsworth House on Friday, as part of the Chatsworth Country Fair in Bakewell, Derbyshire. PA

The UK week in pictures: Diana remembered, a final Tory hustings and gravy wrestling


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Brave CF 27 fight card

Welterweight:
Abdoul Abdouraguimov (champion, FRA) v Jarrah Al Selawe (JOR)

Lightweight:
Anas Siraj Mounir (TUN) v Alex Martinez (CAN)

Welterweight:
Mzwandile Hlongwa (RSA) v Khamzat Chimaev (SWE)

Middleweight:
Tarek Suleiman (SYR) v Rustam Chsiev (RUS)
Mohammad Fakhreddine (LEB) v Christofer Silva (BRA)

Super lightweight:
Alex Nacfur (BRA) v Dwight Brooks (USA)

Bantamweight:
Jalal Al Daaja (JOR) v Tariq Ismail (CAN)
Chris Corton (PHI) v Zia Mashwani (PAK)

Featherweight:
Sulaiman (KUW) v Abdullatip (RUS)

Super lightweight:
Flavio Serafin (BRA) v Mohammad Al Katib (JOR)

Meydan racecard:

6.30pm: Al Maktoum Challenge Round 2 (PA) Group 1 | US$75,000 (Dirt) | 2,200 metres

7.05pm: UAE 1000 Guineas (TB) Listed | $250,000 (D) 1,600m

7.40pm: Meydan Classic Trial (TB) Conditions $100,000 (Turf) 1,400m

8.15pm: Al Shindagha Sprint (TB) Group 3 $200,000 (D) 1,200m

8.50pm: Handicap (TB) $175,000 (D) 1,600m

9.25pm: Handicap (TB) $175,000 (T) | 2,000m

10pm: Handicap (TB) $135,000 (T) 1,600m

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

Top%2010%20most%20competitive%20economies
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The%20US%20Congress%20explained
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SHAITTAN
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EVikas%20Bahl%3Cbr%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAjay%20Devgn%2C%20R.%20Madhavan%2C%20Jyothika%2C%20Janaki%20Bodiwala%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
UAE v United States, T20 International Series

Both matches at ICC Academy, Dubai. Admission is free.

1st match: Friday, 2pm

2nd match: Saturday, 2pm

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Rameez Shahzad, Amjad Gul, CP Rizwan, Mohammed Boota, Abdul Shakoor, Ahmed Raza, Imran Haider, Sultan Ahmed, Zahoor Khan, Amir Hayat

USA squad: Saurabh Netravalkar (captain), Jaskaran Malhotra, Elmore Hutchinson, Aaron Jones, Nosthush Kenjige, Ali Khan, Jannisar Khan, Xavier Marshall, Monank Patel, Timil Patel, Roy Silva, Jessy Singh, Steven Taylor, Hayden Walsh

Poacher
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERichie%20Mehta%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nimisha%20Sajayan%2C%20Roshan%20Mathew%2C%20Dibyendu%20Bhattacharya%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHayvn%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EChristopher%20Flinos%2C%20Ahmed%20Ismail%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Efinancial%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%2044%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseries%20B%20in%20the%20second%20half%20of%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHilbert%20Capital%2C%20Red%20Acre%20Ventures%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Aston martin DBX specs

Engine: 4.0-litre twin-turbo V8

Transmission: nine-speed automatic

Power: 542bhp

Torque: 700Nm

Top speed: 291kph

Price: Dh848,000

On sale: Q2, 2020
 

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

'Ashkal'
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Youssef%20Chebbi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Fatma%20Oussaifi%20and%20Mohamed%20Houcine%20Grayaa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Updated: September 02, 2022, 12:53 PM